<SEC-DOCUMENT>0000950123-11-022216.txt : 20110304
<SEC-HEADER>0000950123-11-022216.hdr.sgml : 20110304
<ACCEPTANCE-DATETIME>20110304164523
ACCESSION NUMBER:		0000950123-11-022216
CONFORMED SUBMISSION TYPE:	PRE 14A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110426
FILED AS OF DATE:		20110304
DATE AS OF CHANGE:		20110304

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FULL HOUSE RESORTS INC
		CENTRAL INDEX KEY:			0000891482
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				133391527
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PRE 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32583
		FILM NUMBER:		11665246

	BUSINESS ADDRESS:	
		STREET 1:		4670 S. FORT APACHE ROAD
		STREET 2:		SUITE 190
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89147
		BUSINESS PHONE:		7022217800

	MAIL ADDRESS:	
		STREET 1:		4670 S. FORT APACHE ROAD
		STREET 2:		SUITE 190
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89147
</SEC-HEADER>
<DOCUMENT>
<TYPE>PRE 14A
<SEQUENCE>1
<FILENAME>a58883ppre14a.htm
<DESCRIPTION>PRE 14A
<TEXT>
<HTML>
<HEAD>
<TITLE>pre14a</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>UNITED STATES</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>Washington,&#160;D.C. 20549</B>
</DIV>

<DIV style="margin-top: 5pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>SCHEDULE&#160;14A</B>
</DIV>

<DIV style="margin-top: 5pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>Proxy Statement Pursuant to Section&#160;14(a) of the
    Securities</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>Exchange Act of 1934</B>
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Filed by the
    Registrant&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;
    </FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Filed by a Party other than the
    Registrant&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Check the appropriate box:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

    <FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>
    Preliminary Proxy Statement
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    <B>Confidential, for Use of the Commission Only (as permitted by
    <FONT style="white-space: nowrap">Rule&#160;14a-6(e)(2))</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    Definitive Proxy Statement
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    Definitive Additional Materials
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    Soliciting Material Pursuant to
    <FONT style="white-space: nowrap">&#167;&#160;240.14a-12</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>FULL HOUSE RESORTS, INC.</B>
</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B><FONT style="font-size: 8pt">(Name of Registrant as Specified
    In Its Charter)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B><FONT style="font-size: 8pt">(Name of Person(s) Filing Proxy
    Statement, if other than the Registrant)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Payment of Filing Fee (Check the appropriate box):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>&#160;&#160;
</TD>
    <TD align="left">    No fee required.
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;
</TD>
    <TD align="left">    Fee computed on table below per Exchange Act
    <FONT style="white-space: nowrap">Rules&#160;14a-6(i)(1)</FONT>
    and 0-11.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="5%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;&#160;
</TD>
    <TD align="left">
    Title of each class of securities to which the transaction
    applies:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 8%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="5%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;&#160;
</TD>
    <TD align="left">
    Aggregate number of securities to which the transaction applies:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 8%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="5%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;&#160;
</TD>
    <TD align="left">
    Per unit price or other underlying value of the transaction
    computed pursuant to Exchange Act
    <FONT style="white-space: nowrap">Rule&#160;0-11</FONT>
    (set forth the amount on which the filing fee is calculated and
    state how it was determined):
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 8%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="5%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    (4)&#160;&#160;
</TD>
    <TD align="left">
    Proposed maximum aggregate value of the transaction:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 8%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="5%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    (5)&#160;&#160;
</TD>
    <TD align="left">
    Total fee paid:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 8%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;
</TD>
    <TD align="left">    Fee paid previously with preliminary materials.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;
</TD>
    <TD align="left">    Check box if any part of the fee is offset as provided by
    Exchange Act
    <FONT style="white-space: nowrap">Rule&#160;0-11(a)(2)</FONT>
    and identify the filing for which the offsetting fee was paid
    previously. Identify the previous filing by registration
    statement number, or the Form or Schedule and the date of its
    filing.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="5%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;&#160;
</TD>
    <TD align="left">
    Amount Previously Paid:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 8%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="5%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;&#160;
</TD>
    <TD align="left">
    Form, Schedule or Registration Statement No.:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 8%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="5%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;&#160;
</TD>
    <TD align="left">
    Filing Party:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 8%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="5%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    (4)&#160;&#160;
</TD>
    <TD align="left">
    Date Filed:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 8%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV>
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<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="A58883tocpage"></A>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 3%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><U><FONT style="font-family: 'Times New Roman', Times">TABLE
    OF CONTENTS</FONT></U></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="100%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883101'>2011 ANNUAL MEETING OF STOCKHOLDERS</A>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883102'>PROXY STATEMENT</A>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883103'>ABOUT THE MEETING</A>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883104'>SECURITY OWNERSHIP</A>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883105'>PROPOSAL&#160;ONE: ELECTION OF DIRECTORS</A>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883109'>PROPOSAL&#160;TWO: AMENDMENT TO AMENDED AND
    RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE AUTHORIZED
    NUMBER OF COMMON SHARES&#160;FROM 25,000,000 TO 100,000,000</A>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883110'>PROPOSAL&#160;THREE: AMENDMENT AND RESTATEMENT OF
    THE 2006 INCENTIVE COMPENSATION PLAN TO INCREASE THE
    SHARES&#160;OF COMMON STOCK AUTHORIZED FOR ISSUANCE UNDER THE
    PLAN TO 2,000,000 SHARES, TO EXTEND THE DURATION OF THE PLAN AND
    TO MAKE CERTAIN UPDATES TO THE PLAN</A>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883106'>EXECUTIVE COMPENSATION</A>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883107'>SUMMARY OF EXECUTIVE COMPENSATION</A>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883111'>PROPOSAL&#160;FOUR: RATIFICATION OF INDEPENDENT
    REGISTERED PUBLIC ACCOUNTING FIRM</A>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883112'>INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
    MATTERS</A>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#A58883113'>GENERAL INFORMATION</A>
</DIV>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>
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<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 14pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">FULL
    HOUSE RESORTS, INC.<BR>
    <FONT style="font-size: 10pt">4670 Fort&#160;Apache Road,
    Suite&#160;190<BR>
    Las Vegas, Nevada 89147</FONT></FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B><FONT style="font-size: 12pt">NOTICE OF ANNUAL MEETING OF
    STOCKHOLDERS</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B><FONT style="font-size: 12pt">To be held on 26th day of
    April, 2011</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Dear Stockholder:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    You are invited to attend our Annual Meeting of Stockholders,
    which will be held at 10:00&#160;a.m., local time, on the
    26th&#160;day of April, 2011, at the Grand Victoria
    Casino&#160;&#038; Resort, 600 Grand Victoria Drive, Rising Sun,
    Indiana 47040, for the following purposes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (1)&#160;to elect six members to our board of directors to serve
    until our next annual meeting of stockholders or until their
    successors are duly elected and qualified;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (2)&#160;to amend our amended and restated Certificate of
    Incorporation to increase the number of authorized shares of
    common stock from 25,000,000 to 100,000,000;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (3)&#160;to amend and restate the 2006 Incentive Compensation
    Plan to the increase in the number of shares of common stock
    authorized for issuance under the 2006 Incentive Compensation
    Plan by 800,000&#160;shares to 2,000,000&#160;shares, to extend
    the duration of the Plan and to make certain updates to the Plan;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (4)&#160;to ratify the appointment of Piercy Bowler
    Taylor&#160;&#038; Kern, Certified Public Accountants
    (&#147;Piercy Bowler Taylor&#160;&#038; Kern&#148;), as our
    independent registered public accounting firm for 2011;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (5)&#160;to transact such other business as may properly come
    before the annual meeting, including any adjournments or
    postponements thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our board of directors has fixed the close of business on
    March&#160;9, 2011 as the record date for determining those
    stockholders entitled to notice of, and to vote at, the annual
    meeting and any adjournments or postponements thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Whether or not you expect to be present, please sign, date and
    return the enclosed proxy card in the enclosed pre-addressed
    envelope as promptly as possible. No postage is required if
    mailed in the United States.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    By Order of the Board of Directors
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <IMG src="a58883pa5888301.gif" alt="-s- Barth F. Aaron">
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 39%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Barth F. Aaron
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Secretary</I>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Las Vegas, Nevada
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    March&#160;[&#160;&#160;], 2011
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">


</DIV>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>YOU ARE CORDIALLY INVITED TO ATTEND THE MEETING IN PERSON.
    WHETHER OR NOT YOU EXPECT TO ATTEND THE MEETING, PLEASE
    COMPLETE, DATE AND SIGN THE ENCLOSED PROXY CARD AS PROMPTLY AS
    POSSIBLE IN ORDER TO ENSURE YOUR REPRESENTATION AT THE MEETING.
    EVEN IF YOU EXECUTE A PROXY CARD, YOU MAY NEVERTHELESS ATTEND
    THE MEETING, REVOKE YOUR PROXY AND VOTE YOUR SHARES&#160;IN
    PERSON. PLEASE NOTE, HOWEVER, THAT IF YOUR SHARES&#160;ARE HELD
    OF RECORD BY A BROKER, BANK OR OTHER NOMINEE, AND YOU WISH TO
    VOTE AT THE MEETING, YOU MUST OBTAIN FROM THE RECORD HOLDER A
    PROXY ISSUED IN YOUR NAME.</B>
</DIV>
</DIV><!-- End box 1 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
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<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<A name='A58883101'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 14pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">2011
    ANNUAL MEETING OF STOCKHOLDERS<BR>
    OF<BR>
    FULL HOUSE RESORTS, INC.</FONT></B>
</DIV>
</A>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

    <A name='A58883102'><B><FONT style="font-size: 12pt">PROXY
    STATEMENT</FONT></B>
</DIV>
</A>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    This proxy statement contains information relating to our 2011
    Annual Meeting of Stockholders to be held at 10:00&#160;a.m.,
    local time, on 26th&#160;day of April, 2011, at the Grand
    Victoria Casino&#160;&#038; Resort, 600 Grand Victoria Drive,
    Rising Sun, Indiana 47040 and to any adjournments or
    postponements. This proxy statement and the enclosed form of
    proxy are first being mailed to stockholders on or about
    March&#160;[&#160;&#160;], 2011.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">IMPORTANT
    NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE<BR>
    STOCKHOLDER MEETING TO BE HELD ON APRIL 26, 2011</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>This proxy statement and form of proxy are also available on
    our website at www.fullhouseresorts.com.</B>
</DIV>

<A name='A58883103'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">ABOUT THE
    MEETING</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">What Is
    The Purpose Of The Annual Meeting?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    At the annual meeting, stockholders will act upon the matters
    outlined in the accompanying notice of meeting, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the election of six directors,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    amend the amended and restated Certificate of Incorporation to
    increase the number of authorized shares of common stock from
    25,000,000 to 100,000,000
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    amend and restate the 2006 Incentive Compensation Plan to the
    increase in the number of shares of common stock authorized for
    issuance under the 2006 Incentive Compensation Plan by
    800,000&#160;shares to 2,000,000&#160;shares, to extend the
    duration of the Plan and to make certain updates to the Plan,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the ratification of Piercy Bowler Taylor&#160;&#038; Kern as our
    independent registered public accounting firm,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The stockholders also will transact any other business that
    properly comes before the meeting.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Who Is
    Entitled To Vote?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Only stockholders of record at the close of business on the
    record date, March&#160;9, 2011, are entitled to receive notice
    of the annual meeting and to vote the shares of our common stock
    that they held on that date at the meeting, or any postponement
    or adjournment of the meeting. Each outstanding share of common
    stock entitles its holder to cast one vote on each matter to be
    voted upon.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Who Can
    Attend The Meeting?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    All stockholders as of the record date, or their duly appointed
    proxies, may attend. Please note that if you hold shares in
    &#147;street name,&#148; that is, through a broker or other
    nominee, you will need to bring a copy of a brokerage statement
    reflecting your stock ownership as of the record date. You will
    also need a photo ID to gain admission.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">What
    Constitutes A Quorum?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The presence at the meeting, in person or by proxy, of the
    holders of 40% of the total number of shares of our common stock
    and preferred stock outstanding on the record date will
    constitute a quorum, permitting the meeting
</DIV>
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<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    to conduct its business. As of the record date,
    18,007,681&#160;shares of our common stock were outstanding and
    held by approximately 130 stockholders of record. As of the
    record date, no shares of our preferred stock were outstanding.
    Proxies received but marked as abstentions and broker non-votes
    will be included in the calculation of the number of shares
    considered to be present at the meeting for purposes of
    determining a quorum.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If less than 40% of outstanding shares entitled to vote are
    represented at the meeting, a majority of the shares present at
    the meeting may adjourn the meeting to another date, time or
    place, and notice need not be given of the new date, time or
    place if the new date, time or place is announced at the meeting
    before an adjournment is taken.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">How Do I
    Vote?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If you complete and properly sign the accompanying proxy card
    and return it to us, it will be voted as you direct. If you are
    a registered stockholder and you attend the meeting, you may
    deliver your completed proxy card in person. &#147;Street
    name&#148; stockholders who wish to vote at the meeting will
    need to obtain a proxy from the institution that holds their
    shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Prior to the annual meeting, we will select one or more
    inspectors of election. These inspectors will determine the
    number of shares of common stock represented at the meeting, the
    existence of a quorum, the validity of proxies and will count
    the ballots and votes and will determine and report the results
    to us.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">May I
    Change My Vote After I Return My Proxy Card?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Yes. Even after you have submitted your proxy, you may change
    your vote at any time before the proxy is exercised by filing
    with our Secretary either a notice of revocation or a duly
    executed proxy bearing a later date. The powers of the proxy
    holders will be suspended if you attend the meeting in person
    and so request, although attendance at the meeting will not by
    itself revoke a previously granted proxy.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">What Are
    The Board&#146;s Recommendations?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The enclosed proxy is solicited on behalf of our board of
    directors. Unless you give other instructions on your proxy
    card, the persons named as proxy holders on the proxy card will
    vote in accordance with the recommendations of our board of
    directors. The recommendation of the board of directors is set
    forth with the description of each item in this proxy statement.
    In summary, the board of directors recommends a vote:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    FOR the election of the nominated slate of directors (see
    <FONT style="white-space: nowrap">pages&#160;5-11).</FONT>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    FOR the amendment of the Certificate of Incorporation to
    increase the authorized number of shares of common stock from
    25,000,000 to 100,000,000 (see
    <FONT style="white-space: nowrap">pages&#160;11-12).</FONT>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    FOR the amendment of the 2006 Incentive Compensation Plan to the
    increase in the number of shares of common stock allocated to
    the 2006 Incentive Compensation Plan by 800,000&#160;shares to
    2,000,000&#160;shares, to extend the duration of the plan and to
    make certain updates to the Plan (see
    <FONT style="white-space: nowrap">pages&#160;12-19).</FONT>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    FOR the ratification of Piercy Bowler Taylor&#160;&#038; Kern as
    our independent auditors (see
    <FONT style="white-space: nowrap">pages&#160;22-23).</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The board of directors does not know of any other matters that
    may be brought before the meeting nor does it foresee or have
    reason to believe that the proxy holders will have to vote for
    substitute or alternate board nominees. In the event that any
    other matter should properly come before the meeting or any
    nominee is not available for election, the proxy holders will
    vote as recommended by the board of directors or, if no
    recommendation is given, in accordance with their best judgment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">What Vote
    Is Required To Approve Each Item?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Election Of Directors.</I>&#160;&#160;A plurality of the
    votes cast at the meeting is required for the election of
    directors. A properly executed proxy marked &#147;WITHHOLD
    AUTHORITY&#148; with respect to the election of one or more
    directors will not be voted with respect to the director or
    directors indicated, although it will be counted for purposes of
    determining whether there is a quorum. Stockholders do not have
    the right to cumulate their votes for directors.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Amendment of Certificate of Incorporation.</I>&#160;&#160;An
    affirmative vote of a majority of the outstanding stock entitled
    to vote is required for the amendment of our amended and
    restated certificate of incorporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Amendment and Restatement of 2006 Incentive Compensation
    Plan.</I>&#160;&#160;An affirmative vote of a majority of the
    votes cast at the meeting is required for approval of the
    amendment and restatement of our 2006 Incentive Compensation
    Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Ratification of Piercy Bowler Taylor&#160;&#038;
    Kern.</I>&#160;&#160;An affirmative vote of a majority of the
    votes cast at the meeting is required for the ratification of
    our independent registered public accounting firm.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Other Items.</I>&#160;&#160;For any other item which may
    properly come before the meeting, the affirmative vote of a
    majority of the votes cast at the meeting, either in person or
    by proxy, will be required for approval, unless otherwise
    required by law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    For the purpose of determining whether the stockholders have
    approved matters other than the election of directors under
    Delaware law, abstentions are treated as shares present or
    represented and voting, so abstaining has the same effect as a
    negative vote. Abstentions are counted for purposes of
    determining whether there is a quorum. If your shares are held
    by a broker on your behalf (that is, in &#147;street
    name&#148;), and you do not instruct the broker as to how to
    vote these shares on Proposals&#160;1, 2, or 3, the broker may
    not exercise discretion to vote for or against those proposals.
    This would be a &#147;broker non-vote&#148; and these shares
    will not be counted as having been voted on the applicable
    proposal. With respect to Proposal&#160;4, the broker may
    exercise its discretion to vote for or against that proposal in
    the absence of your instruction. Please instruct your bank or
    broker so your vote can be counted.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Who Pays
    For The Preparation Of The Proxy Statement?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We will pay the cost of preparing, assembling and mailing the
    proxy statement, notice of meeting and enclosed proxy card. In
    addition to the use of mail, our employees or authorized agents
    may solicit proxies personally and by telephone. Our employees
    will receive no compensation for soliciting proxies other than
    their regular salaries. We may request banks, brokers and other
    custodians, nominees and fiduciaries to forward copies of the
    proxy material to their principals and to request authority for
    the execution of proxies and we may reimburse those persons for
    their expenses incurred in connection with these activities. We
    will compensate only independent third party agents that are not
    affiliated with us but solicit proxies. At this time, we do not
    anticipate that we will be retaining a third party solicitation
    firm, but should we determine in the future that it is in our
    best interests to do so, we will retain a solicitation firm and
    pay for all costs and expresses associated with retaining this
    solicitation firm.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    You should review the information provided in this proxy
    statement in conjunction with our 2010 Annual Report to
    Stockholders, which accompanies this proxy statement. Our
    principal executive offices are located 4670 South
    Fort&#160;Apache Road, Suite&#160;190, Las Vegas, Nevada 89147
    and our telephone number is
    <FONT style="white-space: nowrap">(702)&#160;221-7800.</FONT>
    A list of stockholders entitled to vote at the annual meeting
    will be available at our offices for a period of ten days prior
    to the meeting and at the meeting itself for examination by any
    stockholder.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Do I have
    dissenter&#146;s or appraisal rights?</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    You have no dissenter&#146;s or appraisal rights in connection
    with any of the proposals described herein.
</DIV>

<A name='A58883104'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">SECURITY
    OWNERSHIP</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The following table sets forth information as of the record date
    concerning the beneficial ownership of our common stock by:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each person known by us to be the beneficial owner of more than
    5% of our outstanding common stock,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each director,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each of the named executive officers (as defined below),&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all executive officers and directors as a group.
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Unless otherwise listed above, the address for each of our
    officers and directors is
    <FONT style="white-space: nowrap">c/o&#160;Full</FONT>
    House Resorts, 4670 South Fort&#160;Apache Road, Suite&#160;190,
    Las Vegas, Nevada 89147.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="65%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="7%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="7%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Number of Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Percentage of Class<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name and Address of Beneficial Owner</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Owned(1)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Outstanding(1)</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Common Stock:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lee A. Iacocca
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    880,471
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Andre Hilliou
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    307,000
</TD>
<TD nowrap align="left" valign="bottom">
    (2)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Carl G. Braunlich
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Mark J. Miller
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    141,900
</TD>
<TD nowrap align="left" valign="bottom">
    (3)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kathleen M. Caracciolo
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kenneth R. Adams
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,400
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    T. Wesley Elam
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    57,735
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Barth F. Aaron
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    James D. Meier
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    All Officers and Directors as a Group (9&#160;Persons)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,588,506
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Allen E. Paulson Living Trust&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,896,887
</TD>
<TD nowrap align="left" valign="bottom">
    (4)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    514 Via De La&#160;Valle, Suite&#160;210<BR>
    Solana Beach, California 92075
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Austin W. Marxe and David M. Greenhouse
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,802,140
</TD>
<TD nowrap align="left" valign="bottom">
    (5)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    527 Madison Ave, Suite&#160;2600<BR>
    New York, NY 10022
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Shares are considered beneficially owned, for purposes of this
    table only, if held by the person indicated as beneficial owner,
    or if such person, directly or indirectly, through any contract,
    arrangement, understanding, relationship, or otherwise, has or
    shares the power to vote, to direct the voting of and/or dispose
    of or to direct the disposition of, such security, or if the
    person has a right to acquire beneficial ownership within
    60&#160;days, unless otherwise indicated in these footnotes. Any
    securities outstanding which are subject to options or warrants
    exercisable within 60&#160;days are deemed to be outstanding for
    the purpose of computing the percentage of outstanding
    securities of the class owned by such person, but are not deemed
    to be outstanding for the purpose of computing the percentage of
    the class owned by any other person.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    All shares are owned through the Hilliou Living Trust, of which
    Mr.&#160;Hilliou is co-trustee and co-beneficiary.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes 36,667&#160;shares of restricted stock all of which
    vested as of February 2010. All shares are owned through the
    Miller Family Living Trust of which Mr.&#160;Miller is a trustee
    and beneficiary.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Vicki Paulson and Crystal Christensen are the co-trustees of the
    Allen E. Paulson Living Trust.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Based on information disclosed, in Schedules 13G, as filed with
    the SEC through March&#160;9, 2011.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;16(a)
    Beneficial Ownership Reporting Compliance</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Section&#160;16(a) of the Securities Exchange Act of 1934
    requires our directors and executive officers and persons who
    own more than ten percent of our outstanding common stock, to
    file with the Securities and Exchange Commission initial reports
    of ownership and reports of changes in ownership of common
    stock. These persons are required by SEC regulation to furnish
    us with copies of all such reports they file.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    To our knowledge, based solely on a review of the copies of such
    reports furnished to us and written representations that no
    other reports were required, we believe that all
    Section&#160;16(a) reports were timely filed by our
</DIV>
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    <BR>
    4
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<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    officers, directors and greater than ten percent beneficial
    owners, except for the following, which were not timely filed:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=01 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="88%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<!-- TableOutputBody -->
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Form&#160;4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Thomas W. Elam, filed 6-2-10 for transactions dated May 24 and
    May 25, 2010.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Form&#160;4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Lee A. Iacocca, filed 8-16-10 for transactions dated April 15,
    June 1, June 2, June 3, June 4, June 7, June 8, June 9, June 10,
    June 11 and June 14, 2010.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Form&#160;4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Allen E. Pauson Living Trust, filed 3-29-10 for transactions
    dated March 9, March 10, March 11, March 18, March 19 and March
    22, 2010.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Form&#160;4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Allen E. Pauson Living Trust, filed 4-29-10 for transactions
    dated April 23, and April&#160;26, 2010.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Form&#160;4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Allen E. Pauson Living Trust, filed 5-20-10 for transaction
    dated March 17, 2010.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Form&#160;4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Allen E. Pauson Living Trust, filed 6-1-10 for transactions
    dated May 26, May 27 and May 28, 2010.
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV>

<A name='A58883105'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">PROPOSAL&#160;ONE:<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">ELECTION
    OF DIRECTORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our bylaws provide that the number of directors constituting our
    board of directors shall be fixed from time to time by the
    board. Our board of directors currently consists of six
    directors. The nominees to be voted on by stockholders at this
    meeting are Kenneth R. Adams, Carl G. Braunlich, Kathleen M.
    Caracciolo, Lee A. Iacocca, Andre M. Hilliou and Mark J. Miller.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    OUR BOARD OF DIRECTORS RECOMMENDS A VOTE &#147;FOR&#148; EACH OF
    THE NOMINEES.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    All nominees have consented to be named and have indicated their
    intent to serve if elected. We have no reason to believe that
    any of these nominees are unavailable for election. However, if
    any of the nominees become unavailable for any reason, the
    persons named as proxies may vote for the election of such
    person or persons for such office as our board of directors may
    recommend in the place of such nominee or nominees. It is
    intended that proxies, unless marked to the contrary, will be
    voted in favor of the election of Kenneth R. Adams, Carl G.
    Braunlich, Kathleen Caracciolo, Lee A. Iacocca, Andre M. Hilliou
    and Mark J. Miller.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The names, ages and positions of all our nominees for director
    and executive officers are listed below, followed by a brief
    account of their business experience during at least the past
    five years.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
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<TR style="font-size: 1pt" valign="bottom">
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    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="63%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Age</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Position</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Kenneth R. Adams
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    68
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Carl G. Braunlich
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    58
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Vice Chairman
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Kathleen M. Caracciolo
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    55
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Lee A. Iacocca
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    86
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Director
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Andre M. Hilliou
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    63
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Chairman/Chief Executive Officer
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Mark J. Miller
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    54
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Director/Treasurer/Chief Financial Officer/Chief Operating
    Officer
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    T. Wesley Elam
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    57
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Vice President of Operations and Project Management
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Barth F. Aaron
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    62
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Secretary
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    James D. Meier
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    46
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Vice President - Finance
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Kenneth R. Adams </I>joined our Board in January
    2007.&#160;&#160;Mr.&#160;Adams is a principal in the gaming
    consulting firm, Ken Adams Ltd., which he founded in 1990. He is
    also an editor of the Adams&#146; Report monthly newsletter, the
    Adams&#146; Daily Report daily electronic newsletter and the
    Adams Review, each of which focus on the gaming industry. Since
    August 1997, Mr.&#160;Adams has been a partner in Johnny
    Nolon&#146;s Casino in Cripple Creek Colorado, a limited stakes
    casino with a restaurant and bar. From 2001 until 2008, he
    served on the Board of Directors of Vision Gaming&#160;&#038;
    Technology, Inc., a privately-held gaming machine company, and
    he currently serves on the Board of Directors of the Downtown
    Improvement Agency for Reno, Nevada. The Board believes
    Mr.&#160;Adams is qualified to
</DIV>
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    <BR>
    5
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<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    serve as a Director of the Company due to his specific
    experience as a casino operator, his knowledge of the casino
    industry and his continuing analysis and review of the industry.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Kathleen M. Caracciolo </I>joined our Board in January 2007.
    Ms.&#160;Caracciolo has also been appointed the Chairperson of
    our Audit Committee. Ms.&#160;Caracciolo is a certified public
    accountant who since October 2008 has served as Director of
    Business Development of Global Connect, LLC a web-based voice
    messaging company. Prior to that, from July 2003 through August
    2008 served as Vice President of Finance for Atlantic City
    Coin&#160;&#038; Slot Service Co. Inc., which designs,
    manufactures and distributes electronic gaming devices. Between
    January and June 2003, Ms.&#160;Caracciolo worked as a
    consultant. From April 1999 to December 2002, she served as Vice
    President of Finance for the Atlantic City Convention and
    Visitors Authority, a government agency responsible for
    enhancing the economy of the region with coordination of the
    operations of the Atlantic City Convention Center. Prior to
    that, Ms.&#160;Caracciolo held various finance positions with
    several Atlantic City Casinos, including Atlantic City Showboat,
    Inc. and Caesars Atlantic City, Inc. The Board believes that
    Ms.&#160;Caracciolo is qualified to serve as a Director of the
    Company due to her knowledge of and experience in the casino
    industry and her background as a financial officer for casino
    and casino related companies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Dr.&#160;Carl G. Braunlich </I>has been one of our directors
    since May 2005. Since August 2006, he has been an Associate
    Professor at University of Nevada Las Vegas. Dr.&#160;Braunlich
    holds a Doctor of Business Administration in International
    Business from United States International University,
    San&#160;Diego, CA. Prior to joining the faculty of University
    of Nevada, Las Vegas, Dr.&#160;Braunlich was a Professor of
    Hotel Management at Purdue University since 1990. Previously he
    was on the faculty at United States International University. Dr
    Braunlich has held executive positions at the Golden Nugget
    Hotel and Casino in Atlantic City, NJ and at Paradise Island
    Hotel and Casino, Nassau, Bahamas. He has been a consultant to
    Wynn Las Vegas, Harrah&#146;s Entertainment, Inc., Showboat
    Hotel and Casino, Bellagio Resort and Casino, International Game
    Technology, Inc., Atlantic Lottery Corporation, Nova Scotia
    Gaming Corporation and the Nevada Council on Problem Gambling.
    He was on the Board of Directors of the National Council on
    Problem Gambling and has served on several Problem Gambling
    Committees, including those of the Nevada Resort Association and
    the American Gaming Association. The Board believes that
    Dr.&#160;Braunlich is qualified to serve as a Director of the
    Company due to his knowledge of and experience in the casino
    industry and his position as an educator and consultant to the
    casino industry.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Lee A. Iacocca </I>has been one of our directors since April
    1998. Mr.&#160;Iacocca currently serves as the President of
    Iacocca&#160;&#038; Associates, a consulting firm. In 1997, he
    founded EV Global Motors, to design, market and distribute the
    next generation of electric vehicles. Mr.&#160;Iacocca is former
    Chief Executive Officer and Chairman of the Board of Directors
    of Chrysler Corporation, retiring from those positions in 1992.
    He retired as a Chrysler Director in September 1993 and
    continued to serve as a consultant to Chrysler until 1994. He is
    Chairman of the Iacocca Foundation, a philanthropic organization
    dedicated to educational projects and the advancement of
    diabetes research, and is Chairman of the Committee for
    Corporate Support of Joslin Diabetes Foundation.
    Mr.&#160;Iacocca is also Chairman Emeritus of the Statue of
    Liberty&#160;&#151; Ellis Island Foundation and serves on the
    Advisory Board of Reading Is Fundamental, the nation&#146;s
    largest reading motivation program.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Andre M. Hilliou </I>became President and Chief Executive
    Officer of Full House in March 2004 and has been one of our
    directors since May 2005. From 2001 until joining us, he served
    as Chairman and Chief Executive Officer of Vision Gaming and
    Technology. Mr.&#160;Hilliou held executive positions with
    various companies including Chief Executive Officer of American
    Bingo and Gaming, Inc. and Chief Executive Officer of
    Aristocrat, Inc. He also spent approximately 11&#160;years with
    the Showboat Corporation, reaching the level of Senior Vice
    President of Operations for its Atlantic City, New Jersey
    property, and Chief Executive Officer of Showboat&#146;s Sydney
    Harbour Casino. The Board believes that Mr.&#160;Hilliou is
    qualified to serve as a Director of the Company due to his
    extensive experience as a casino developer and operator for
    publicly traded companies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Mark J. Miller </I>became Chief Financial Officer in February
    2007. He was named Chief Operating Officer in May, 2009. He was
    one of our directors from May 2005 until the announcement of his
    employment with us in January 2007. He rejoined the board of
    directors in May, 2007. From September 2003 until December 2006,
    Mr.&#160;Miller served as Executive Vice President and Chief
    Financial Officer of Aero Products International, a leading
    maker of premium, air-filled bedding products. From December
    1998 until May 2003, Mr.&#160;Miller was Executive Vice
    President and Chief Financial Officer and then, Chief Operating
    Officer of American Skiing Company, owner
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    and operator of nine well-known ski resorts. From 1994 until
    1998, he was an Executive Vice President of Showboat, Inc. with
    operational support responsibility for new casino development.
    Previously, Mr.&#160;Miller served in various positions within
    the Showboat organization, including President and Chief
    Executive Officer of Atlantic City Showboat, Inc.
    Mr.&#160;Miller holds a Master Degree in Accountancy from
    Brigham Young University and is a Certified Public Accountant.
    The Board believes that Mr.&#160;Miller is qualified to serve as
    a Director of the Company due to his extensive experience as a
    casino developer, operator and as a financial officer for
    publicly traded companies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>T.&#160;Wesley Elam </I>became our Vice President of
    Operations and Project Management in April 2005. Prior to
    joining us, he served as general manager of the Argosy Casino in
    Baton Rouge, Louisiana beginning in December 1998. From
    September 1994 until August 1998 he served as chief operating
    officer for the Star City Casino in Sydney, Australia,
    responsible for the openings and operations of both the
    temporary and permanent casino/hotel. Prior to that, he served
    as controller for Casino Windsor, Ontario, Canada, overseeing
    the construction and opening of the temporary casino, which was
    a six-month fast track project. Previously, he served in various
    executive positions with responsibilities for opening and
    operations of the Trump Taj Mahal Casino, Showboat Casino, Trump
    Castle Casino and Tropicana Casino. Mr.&#160;Elam holds a
    Bachelor of Science degree in Business Administration from the
    Thomas Edison State College.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Barth F. Aaron </I>was appointed as our Secretary in March
    2004. He has served as our General Counsel since March 2004.
    From April 2002 until May 2005, Mr.&#160;Aaron was General
    Counsel of Vision Gaming and Technology, Inc. From January 2001
    until April 2002, Mr.&#160;Aaron served as Corporate Director of
    Regulatory Compliance and Risk Management for Penn National
    Gaming, Inc. From August 1996 until May 2000, Mr.&#160;Aaron was
    Corporate General Counsel for Aristocrat, Inc., the
    U.S.&#160;subsidiary of Australia&#146;s largest slot machine
    manufacturer, where he was a legal consultant from May 2000
    until January 2001. Mr.&#160;Aaron has been a Deputy Attorney
    General with the New Jersey Division of Gaming Enforcement and
    is admitted to practice law in the states of Nevada, New Jersey
    and New York.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>James D. Meier </I>was named Vice President of Finance in
    February 2007. Previously, Mr.&#160;Meier served as our Chief
    Financial Officer since January 2005 and as our controller from
    July 2004 until January 2005. Prior to joining us, he served as
    Chief Financial Officer of Capital One, LLC, a gaming
    development and finance company. From 2001 to 2003, he served as
    the Controller/Chief Financial Officer of Phoenix Leisure
    Corporation and prior to that he was financial reporting manager
    for Ameristar Casinos, Inc. beginning in 2000. He served as
    controller for Nevada Palace Hotel and Casino and until 1999 was
    an auditor with Piercy Bowler Taylor&#160;&#038; Kern.
    Mr.&#160;Meier is a Certified Public Accountant and Certified
    Management Accountant with a Master&#146;s Degree in Hotel
    Administration from University of Nevada, Las Vegas. He received
    his Bachelor of Science degree in Business Administration from
    Minnesota State University.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The term of office of each director ends at the next annual
    meeting of stockholders or when his successor is elected and
    qualified. Our officers serve at the discretion of the board of
    directors.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Director
    Compensation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    For service as a director, each non-executive director receives
    cash compensation of $20,000 per year plus $1,000 for each
    meeting attended in excess of four meetings. The chairperson of
    each committee of the board, other than the nominating
    committee, receives cash compensation of $10,000 per year for
    such service and each committee member receives $1,000 for each
    committee meeting attended. In addition, non-executive directors
    also receive 2,000&#160;shares of fully vested common stock per
    annum.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The table below summarizes the compensation paid by us to our
    non-employee directors for services rendered for 2010. Directors
    who are employed by us do not receive additional compensation
    for serving as directors.
</DIV>
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    7
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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    <B><FONT style="font-family: 'Times New Roman', Times">Director
    Compensation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="55%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="8%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="6%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Fees Earned or Paid<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>in Cash</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Stock Awards(1)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Total</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Carl G. Braunlich
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    56,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,820
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    61,820
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kenneth R Adams
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    38,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,820
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    43,820
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kathleen M. Caracciolo
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    42,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,820
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    47,820
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    J. Michael Paulson
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    The amounts shown in this column represent the dollar amount
    recognized for financial statement reporting purposes for the
    fiscal year ended December&#160;31, 2010 in accordance with
    SFAS&#160;No.&#160;123(R) related to restricted stock awards
    granted in 2010 pursuant to our various share-based payment
    plans, and include amounts from awards. Assumptions used in the
    calculation of these amounts are included in Note&#160;13 to our
    consolidated financial statements included in our Annual Report
    on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2010.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Independent
    Directors</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Under the corporate governance standards of the NYSE Amex at
    least 50% of our board of directors and all of the members of
    our audit committee, compensation committee and the nominating
    committee must meet the test of independence as defined by the
    listing requirements of NYSE Amex. Our board of directors, in
    the exercise of its reasonable business judgment, has determined
    that Mr.&#160;Adams, Dr.&#160;Braunlich, and Ms.&#160;Caracciolo
    qualify as independent directors pursuant to the NYSE Amex and
    SEC rules and regulations. Our board of directors had determined
    that Mr.&#160;Miller was an independent director prior to his
    agreement to serve as our chief financial officer and that
    Mr.&#160;Iacocca was an independent director prior to entering
    into a consulting agreement with us. In making the determination
    of independence, our board considered whether an independent
    director has a material relationship with Full House, either
    directly or as a partner or shareholder of an organization that
    has a relationship with Full House or any other relationships
    that, in our board&#146;s judgment, would interfere with the
    director&#146;s independence. In the late 1980&#146;s and early
    1990&#146;s, Mr.&#160;Hilliou, Mr.&#160;Miller and
    Ms.&#160;Caracciolo were employed by Showboat, Inc. or a
    subsidiary thereof and were professionally associated through
    such employment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Meetings
    and Committees of the Board of Directors</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Meetings.</I>&#160;&#160;During fiscal year 2010, the board
    of directors held four regular meetings and two special
    meetings. Each of our directors attended at least 75% of the
    aggregate of the number of meetings of the board of directors
    which were held during the period such person served on the
    board of directors and the number of meetings of committees of
    the board of directors held during the period that such person
    served on such committee. We have no specific requirements
    regarding the attendance at the annual meeting of stockholders
    by our directors. In 2010, all of our directors except
    Mr.&#160;Iacocca attended the annual meeting in person.
    Mr.&#160;Iacocca attended by telephone conference.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We have four standing committees: the audit committee, the
    compensation committee, the nominating committee and the
    regulatory compliance committee.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Audit
    Committee</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our audit committee is comprised of three members,
    Ms.&#160;Caracciolo, Dr.&#160;Braunlich and Mr.&#160;Adams.
    Ms.&#160;Caracciolo serves as Chair and financial expert on the
    Committee. Our board had determined that Ms.&#160;Caracciolo is
    an audit committee financial expert as defined by the rules and
    regulations of the Securities and Exchange Commission. Our board
    of directors, in its reasonable judgment, has determined that
    each member of the audit committee is independent as defined
    under the applicable NYSE Amex listing standards and federal
    law. Our audit committee held four meetings in 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The audit committee&#146;s functions include overseeing and
    monitoring the activities of our financial reporting process,
    our systems of internal controls over financial reporting and
    the integrity of our financial statements, the independent
    auditors&#146; qualifications, independence and performance, and
    to assist our board of directors in ensuring our compliance with
    legal and regulatory requirements in our financial reporting
    process. Our board of directors has
</DIV>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    adopted a written charter for the audit committee setting out
    the functions that it is to perform. The text of the charter is
    available on our website at <I>www.fullhouseresorts.com.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Please refer to the audit committee report, which is set forth
    on page&#160;23, for a further description of our audit
    committee&#146;s responsibilities and its recommendations with
    respect to our audited consolidated financial statements for the
    year ended December&#160;31, 2010.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Compensation
    Committee</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The compensation committee is comprised of two members,
    Ms.&#160;Caracciolo, and Dr.&#160;Braunlich. Dr.&#160;Braunlich
    acts as chair of the compensation committee. Our board of
    directors, in its reasonable judgment, has determined that each
    member of the compensation committee is independent as defined
    under the applicable NYSE Amex listing standards. Our
    compensation committee held two meetings in 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The compensation committee&#146;s functions include reviewing
    and making recommendations to the board of directors regarding
    all forms of compensation to be provided to our executive
    officers and directors. Our board of directors has adopted a
    written charter for the compensation committee setting out the
    functions that it is to perform and has recently amended the
    charter. The text of the charter is available on our website at
    <I>www.fullhouseresorts.com.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Management provides recommendations to the committee on the
    amount and type of executive compensation as well as individual
    performance objectives for bonuses and incentive compensation,
    and the committee reviews these recommendations along with
    information previously provided by an executive employment
    consultant to formulate the committee&#146;s recommendations to
    the board of directors. The compensation committee determines
    the fulfillment of the individual performance objectives and
    recommends individual bonus and incentive compensation amounts
    to the board of directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Independent director compensation was based on recommendations
    provided by management in 2005. The recommendations were
    determined by management to be at the low end of comparably
    sized companies in the gaming industry but recommended as a
    needed retention incentive.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Nominating
    Committee</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    In 2010, the Board acted as the Nominating Committee. The Board
    met once during the fourth quarter of 2010 to approve the slate
    of nominees standing for election by the shareholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our board of directors has adopted a written charter for the
    nominating committee setting out the functions that it is to
    perform. The text of the charter is available on our website at
    <I>www.fullhouseresorts.com.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our nominating committee&#146;s functions include assisting our
    board of directors with respect to nominating new directors. To
    fulfill its responsibilities and duties, the committee, among
    other things;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    determines periodically, as appropriate, desired board
    qualifications, expertise and characteristics, including such
    factors as business experience and skills and knowledge with
    respect to gaming, finance, marketing, financial reporting,
    regulatory and any other areas as may be expected to contribute
    to an effective board;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    determines periodically, as appropriate, whether there are any
    specific, minimum qualifications that the nominating committee
    believes must be met by a nominee approved by the nominating
    committee for a position on the board and whether there are any
    specific qualities or skills that the nominating committee
    believes are necessary for one or more directors to possess;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    conducts searches for potential board members with corresponding
    attributes as needed;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    evaluates, proposes and approves nominees for election or
    appointment to the board;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    considers, evaluates and, as applicable, proposes and approves,
    stockholder nominees for election to the board.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The nominating committee considers all qualified candidates
    regardless of age, race, gender, national origin or religion.
</DIV>
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    9
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The nominating committee will consider stockholder
    recommendations for director candidates and will do so in the
    same manner that it considers all director candidates. There are
    no specific, minimum qualifications that must be met by a
    director nominee recommended by a stockholder except as provided
    for by applicable law. A stockholder wishing to recommend a
    prospective director nominee for consideration should send
    notice to Full House Resorts, Inc., Attention: Nominating
    Committee
    <FONT style="white-space: nowrap">c/o&#160;Secretary,</FONT>
    4670 Fort&#160;Apache Road, Suite&#160;190, Las Vegas, Nevada
    89147. To be included in our proxy for our next annual meeting,
    the notice of recommendation must be made in writing and
    received by our Secretary by December&#160;22, 2011. Although
    the committee&#146;s charter permits the committee to engage a
    search firm to identify director candidates, we did not pay any
    third parties a fee to assist in the process of identifying or
    evaluating director candidates in 2010.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Regulatory
    Compliance Committee</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The regulatory compliance committee is comprised of three
    members, Mr.&#160;Adams, Ms.&#160;Caracciolo, and
    Dr.&#160;Braunlich. Mr.&#160;Adams acts as chair of the
    regulatory compliance committee. The regulatory compliance
    committee&#146;s functions include reviewing and making
    recommendations to the board of directors regarding compliance
    with gaming laws and regulations. The regulatory compliance
    committee held four meetings in 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The regulatory compliance committee meets quarterly to review
    the items determined by the Nevada Gaming Control Board to be of
    sufficient material interest to warrant review by a committee of
    the board. During 2010, the committee met quarterly, reviewed
    reports from the Company&#146;s Compliance Officer,
    Mr.&#160;Aaron, who also serves as General Counsel. The
    committee found no material violations of or deviations from
    appropriate regulatory controls and events of regulatory
    interest were appropriately addressed with no gaming regulatory
    agency action.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Board of
    Directors Leadership Structure</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The Company is led by Mr.&#160;Andre M. Hilliou, who has served
    as Chief Executive Officer since 2004 and as Chairman of the
    Board since 2009. In 2009, we named Dr.&#160;Carl Braunlich as
    Vice Chairman of the Board. Dr.&#160;Braunlich serves as our
    lead independent director. As Vice Chairman, the lead
    independent director serves in the place of the Chairman in any
    matter in which the Chairman is excused or does not appear. In
    addition, he calls and presides over meetings of the independent
    directors, which are held periodically throughout the year. All
    of our board committees are compromised only of independent
    directors. Each committee is chaired by a different independent
    director. Our independent directors meet regularly at each
    committee meeting. In May 2009, we appointed Mr.&#160;Mark J.
    Miller to be Chief Operating Officer in addition to his roles as
    Treasurer and Chief Financial Officer of the Company. This will
    ensure an orderly succession of executive management should one
    be needed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our audit committee is responsible for reviewing and assessing
    financial risk to the Company. The audit committee is comprised
    of three independent directors and meets at least quarterly. In
    addition, we maintain a regulatory compliance committee,
    comprised of three independent directors which is responsible
    for the oversight and review of all matters of gaming regulatory
    import. We believe that these two independent committees provide
    proper risk oversight for the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our board leadership structure is commonly utilized by other
    public companies in the United States of comparable size and
    scope. We believe that this leadership structure has been
    effective for the Company. We believe that an independent Vice
    Chairman and only independent directors serving on our board
    committees provides a balance with a combined Chairman and Chief
    Executive Officer. With experienced and participating
    independent directors, we believe we have the proper leadership
    structure.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Code of
    Conduct and Ethics</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our board of directors has adopted a code of conduct and ethics
    applicable to each of our directors, officers and employees. In
    addition, our board of directors has adopted a separate code of
    ethics applicable to the Chief Executive Officer and senior
    financial officers. The full text of the code of conduct and
    ethics and the code of ethics are available at our website at
    <I>www.fullhouseresorts.com</I>.
</DIV>
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    <BR>
    10
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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    <B><FONT style="font-family: 'Times New Roman', Times">Compensation
    Committee Interlocks and Insider Participation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    No executive of Full House Resorts is also a member of a
    compensation committee for a company whose executive officers
    are on the board of Full House Resorts.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Communications
    with the Board of Directors</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our board of directors believes it important that interested
    parties have the opportunity to communicate their concerns
    directly to our board of directors. Stockholders may contact or
    communicate with an individual director or our board of
    directors as a group, including the non-employee directors as a
    group, by addressing that letter to Full House Resorts, Inc.,
    Attention: Board of Directors
    <FONT style="white-space: nowrap">c/o&#160;Company</FONT>
    Secretary, 4670 Fort&#160;Apache Road, Suite&#160;190, Las
    Vegas, Nevada 89147. Each communication should specify the
    applicable addressee or addressees to be contacted.
</DIV>

<A name='A58883109'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">PROPOSAL&#160;TWO:<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">AMENDMENT
    TO THE AMENDED&#160;&#038; RESTATED CERTIFICATE OF INCORPORATION
    TO INCREASE THE NUMBER OF AUTHORIZED SHARES&#160;OF COMMON STOCK
    FROM 25,000,000 TO 100,000,000</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">General
    Description of Proposal</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The Board of Directors has approved a proposed amendment to
    Article&#160;FOURTH of the Amended and Restated Certificate of
    Incorporation of the Company (the &#147;Certificate&#148;) that
    increases the number of authorized shares of common stock from
    25,000,000&#160;shares to 100,000,000&#160;shares. An increase
    in the number of authorized shares will not have a dilutive
    effect on the value of each shareholder&#146;s common stock;
    only the actual issuance of additional common stock would have
    such an effect. The number of authorized common shares has
    remained at 25,000,000 since August&#160;7, 1992. Of the
    authorized total, we have only 6,112,319 shares of our common
    stock available for issuance for general corporate purposes,
    assuming the approval of the amendment to our 2006 Equity
    Incentive Plan in Proposal&#160;3.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The Board of Directors is recommending this increase in
    authorized shares of common stock primarily to give the Company
    appropriate flexibility to issue shares to satisfy future
    corporate needs. The shares may be issued by the Board in its
    discretion, subject to any further stockholder action required
    in the case of any particular issuance by applicable law,
    regulatory agency, or under the rules of the NYSE Amex Exchange
    or any stock exchange on which the Company&#146;s common stock
    may then be listed. The newly authorized shares of common stock
    would be issuable for any proper corporate purpose, including
    future acquisitions, investment opportunities, capital raising
    transactions of equity or convertible debt securities, stock
    splits, stock dividends, issuance under current or future
    employee equity plans or for other corporate purposes. There are
    no immediate plans, arrangements, commitments or understandings
    with respect to issuance of any of the additional shares of
    common stock which would be authorized by the proposed
    amendment. However, the Board believes that the currently
    available number of unissued and unreserved shares does not
    provide sufficient flexibility for corporate action in the
    future.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our Board believes that these additional shares will provide us
    with needed flexibility to issue shares in the future to take
    advantage of market conditions or favorable opportunities
    without the potential expense or delay incident to obtaining
    stockholder approval for a particular issuance.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Rights of
    Additional Authorized Shares</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The additional authorized shares of common stock, if and when
    issued, would be part of the existing class of common stock and
    would have the same rights and privileges as the shares of
    common stock presently outstanding. Our stockholders do not have
    preemptive rights with respect to our common stock. Accordingly,
    should the Board of Directors elect to issue additional shares
    of our common stock, existing stockholders would not have any
    preferential rights to purchase the shares.
</DIV>
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    11
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Potential
    Adverse Effects of Amendment</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Future issuance of common stock or securities convertible into
    our common stock could have a dilutive effect on the earnings
    per share, book value per share, voting power and percentage
    interest of holdings of current stockholders. In addition, the
    availability of additional shares of our common stock for
    issuance could, under certain circumstances, discourage or make
    more difficult efforts to obtain control of the Company. The
    Board is not aware of any attempt, or contemplated attempt, to
    acquire control of the Company. This proposal is not being
    presented with the intent that it be used to prevent or
    discourage any acquisition attempt but nothing would prevent the
    Board from taking any appropriate actions not inconsistent with
    its fiduciary duties.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Effectiveness
    of Amendment and Vote Required</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If the proposed amendment is adopted, it will become effective
    upon the filing of a certificate of amendment to our Amended and
    Restated Certificate of Incorporation with the Secretary of
    State of the State of Delaware. The amendment to the Amended and
    Restated Certificate of Incorporation requires the affirmative
    vote of a majority of the shares outstanding and entitled to
    vote at the annual meeting.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">OUR BOARD
    OF DIRECTORS RECOMMENDS A VOTE &#147;FOR&#148; THE AMENDMENT TO
    OUR AMENDED AND RESTATED CERTIFICATE OF INCORPORATION.</FONT></B>
</DIV>

<A name='A58883110'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">PROPOSAL&#160;THREE:<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">AMENDMENT
    AND RESTATEMENT OF THE 2006 INCENTIVE COMPENSATION PLAN TO
    INCREASE THE SHARES&#160;OF COMMON STOCK AVAILABLE FOR ISSUANCE
    UNDER THE PLAN TO 2,000,000 SHARES, TO EXTEND THE DURATION OF
    THE PLAN AND TO MAKE CERTAIN UPDATES TO THE PLAN</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Background
    and Purpose.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our board of directors has authorized, subject to stockholder
    approval, an amendment and restatement of our 2006 Incentive
    Compensation Plan that increases the number of shares of common
    stock available under the plan from 1,200,000 to 2,000,000, that
    extends the duration of the 2006 plan and makes certain updates
    to the 2006 plan. The increase will allow us to meet our annual
    stock grant obligation of 2,000&#160;shares to each independent
    director and to attract and retain qualified executive officers
    as necessary. As described below, the 2006 plan provides for
    accelerated vesting of awards upon a change in control. The
    amended and restated 2006 plan provides that, unless otherwise
    determined by the committee administering the 2006 plan, such
    accelerated vesting occurs even if the successor entity assumes
    or substitutes the award. The amendment does not change any of
    the benefits or awards available under the 2006 plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The following summary of the principal provisions of the plan is
    not a complete description of all of its terms and provisions,
    and this description is qualified in its entirety by reference
    to the plan, as amended and restated, a copy of which is
    attached to this Proxy Statement as Exhibit&#160;A.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Purpose.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The purpose of the 2006 plan is to assist Full House, its
    subsidiaries and other designated affiliates, which we refer to
    as related entities, in attracting, motivating, retaining and
    rewarding high-quality executives and other employees, officers,
    directors consultants and other persons who provide services to
    us or our related entities, by enabling these persons to acquire
    or increase a proprietary interest in Full House in order to
    strengthen the mutuality of interests between these persons and
    our stockholders, and providing such persons with performance
    incentives to expend their maximum efforts in the creation of
    stockholder value.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The effective date of the original 2006 plan is January&#160;1,
    2006 and the effective date of the amended and restated 2006
    plan, subject to stockholder approval, is April&#160;26, 2011.
    As of the date of this proxy statement, awards for a total of
    1,120,000&#160;shares have been granted under the 2006 plan. As
    described below, the 2006 plan terminates at the earliest of
    (i)&#160;such time as no shares remain available for issuance
    under the 2006 plan (ii)&#160;termination of the 2006 plan by
    our board of directors, or (iii)&#160;the tenth anniversary of
    the effective date.
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Shares&#160;Available
    for Awards; Annual Per-Person Limitations.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Currently under the 2006 plan, the total number of shares of our
    common stock reserved and available to be awarded under the 2006
    plan at any time during the term of the plan shall be equal to
    1,200,000&#160;shares. The amendment, if approved, will increase
    the number of shares available under the 2006 plan to 2,000,000.
    The foregoing limit is increased by the number of shares of
    common stock with respect to which awards previously granted
    under the 2006 plan that are forfeited, expire or otherwise
    terminate without issuance of shares, or that are settled for
    cash or otherwise do not result in the issuance of shares, and
    the number of shares that are tendered, either actually or by
    attestation, or withheld upon exercise of an award to pay the
    exercise price or any tax withholding requirements. Awards
    issued in substitution for awards previously granted by a
    company that we or a related entity acquire, or with which we or
    a related entity combine, do not reduce the limit on grants of
    awards under the plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The 2006 plan imposes individual limitations on the amount of
    certain awards in part to comply with Code Section&#160;162(m).
    Under these limitations, during any
    <FONT style="white-space: nowrap">12-month</FONT>
    period, no participant may be granted (1)&#160;stock options or
    stock appreciation rights with respect to more than
    500,000&#160;shares of common stock, or (2)&#160;shares of
    restricted stock, shares of deferred stock, performance shares
    and other stock based-awards with respect to more than
    500,000&#160;shares of common stock, in each case, subject to
    adjustment in specified circumstances. The maximum amount that
    may be paid out as performance units with respect to any
    <FONT style="white-space: nowrap">12-month</FONT>
    performance period is $2,500,000, and is $5,000,000 with respect
    to any performance period that is more than 12&#160;months.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The committee described below is authorized to adjust the
    limitations described in the two preceding paragraphs and is
    authorized to adjust outstanding awards (including adjustments
    to exercise prices of options and other affected terms of
    awards) in the event that a dividend or other distribution
    (whether in cash, shares of common stock or other property),
    recapitalization, forward or reverse split, reorganization,
    merger, consolidation, spin-off, combination, repurchase, share
    exchange or other similar corporate transaction or event affects
    our common stock so that an adjustment is appropriate. The
    committee is also authorized to adjust performance conditions
    and other terms of awards in response to these kinds of events
    or in response to changes in applicable laws, regulations or
    accounting principles.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Eligibility.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The persons eligible to receive awards under the 2006 plan are
    the officers, directors, employees, consultants and other
    persons who provide services to us or any related entity. An
    employee on leave of absence may be considered as still in our
    employ or the employ of a related entity for purposes of
    eligibility for participation in the 2006 plan.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Administration.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The 2006 plan is to be administered by a committee designated by
    our board of directors consisting of not less than two
    directors, provided, however, that except as otherwise expressly
    provided in the plan, our board may exercise any power or
    authority granted to the committee under the 2006 plan. Subject
    to the terms of the 2006 plan, the committee is authorized to
    select eligible persons to receive awards, determine the type,
    number and other terms and conditions of, and all other matters
    relating to, awards, prescribe award agreements (which need not
    be identical for each participant), and the rules and
    regulations for the administration of the plan, construe and
    interpret the plan and award agreements, correct defects, supply
    omissions or reconcile inconsistencies therein, and make all
    other decisions and determinations as the committee may deem
    necessary or advisable for the administration of the 2006 plan.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Stock
    Options and Stock Appreciation Rights.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The committee is authorized to grant stock options, including
    both incentive stock options, which we refer to as ISOs, which
    can result in potentially favorable tax treatment to the
    participant, and non-qualified stock options, and stock
    appreciation rights entitling the participant to receive the
    amount by which the fair market value of a share of our common
    stock on the date of exercise exceeds the grant price of the
    stock appreciation right. The exercise price per share subject
    to an option and the grant price of a stock appreciation right
    are determined by the committee, but must not be less than the
    fair market value of a share of common stock on the date of
    grant. For
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    purposes of the 2006 plan, the term &#147;fair market
    value&#148; means the fair market value of our common stock,
    awards or other property as determined by the committee or under
    procedures established by the committee. Unless otherwise
    determined by the committee, the fair market value of our common
    stock as of any given date shall be the closing sales price per
    share of our common stock as reported on the principal stock
    exchange or market on which our common stock is traded on the
    date immediately preceding the date as of which such value is
    being determined or, if there is no sale on that date, then on
    the last previous day on which a sale was reported. The maximum
    term of each option or stock appreciation right, the times at
    which each option or stock appreciation right will be
    exercisable, and provisions requiring forfeiture of unexercised
    options or stock appreciation rights at or following termination
    of employment generally are fixed by the committee, except that
    no option or stock appreciation right may have a term exceeding
    ten years. Methods of exercise and settlement and other terms of
    the stock appreciation right are determined by the committee.
    The committee, thus, may permit the exercise price of options
    awarded under the plan to be paid in cash, shares, other awards
    or other property, including loans to participants. Options may
    be exercised by payment of the exercise price in cash, shares of
    common stock, outstanding awards or other property having a fair
    market value equal to the exercise price, as the committee may
    determine from time to time.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Restricted
    and Deferred Stock.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The committee is authorized to grant restricted stock and
    deferred stock. Restricted stock is a grant of shares of our
    common stock which may not be sold or disposed of, and which
    shall be subject to such risks of forfeiture and other
    restrictions as the committee may impose. A participant granted
    restricted stock generally has all of the rights of one of our
    stockholders, unless otherwise determined by the committee. An
    award of deferred stock confers upon a participant the right to
    receive shares of our common stock at the end of a specified
    deferral period, subject to such risks of forfeiture and other
    restrictions as the committee may impose. Prior to settlement,
    an award of deferred stock carries no voting or dividend rights
    or other rights associated with share ownership, although
    dividend equivalents may be granted, as discussed below.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Dividend
    Equivalents.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The committee is authorized to grant dividend equivalents
    conferring on participants the right to receive, currently or on
    a deferred basis, cash, shares of our common stock, other awards
    or other property equal in value to dividends paid on a specific
    number of shares of common stock or other periodic payments.
    Dividend equivalents may be granted alone or in connection with
    another award, may be paid currently or on a deferred basis and,
    if deferred, may be deemed to have been reinvested in additional
    shares of common stock, awards or otherwise as specified by the
    committee.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Bonus
    Stock and Awards in Lieu of Cash Obligations.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The committee is authorized to grant shares of common stock as a
    bonus free of restrictions, or to grant shares of common stock
    or other awards in lieu of our obligations to pay cash under the
    2006 plan or other plans or compensatory arrangements, subject
    to such terms as the committee may specify.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Other
    Stock-Based Awards.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The committee or the board is authorized to grant awards that
    are denominated or payable in, valued by reference to, or
    otherwise based on or related to shares of common stock. The
    committee determines the terms and conditions of such awards.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Performance
    Awards.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The committee is authorized to grant performance awards to
    participants on terms and conditions established by the
    committee. The performance criteria to be achieved during any
    performance period and the length of the performance period is
    determined by the committee upon the grant of the performance
    award; provided however, that a performance period cannot be
    shorter than 12&#160;months or longer than 3&#160;years.
    Performance awards may be valued by reference to a designated
    number of shares (in which case they are referred to as
    performance shares) or by reference to a designated amount of
    property including cash (in which case they are referred to as
    performance
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    units). Performance awards may be settled by delivery of cash,
    shares or other property, or any combination thereof, as
    determined by the committee. Performance awards granted to
    persons whom the committee expects will, for the year in which a
    deduction arises, be covered employees, as defined below, will,
    if and to the extent intended by the committee, be subject to
    provisions that should qualify such awards as performance-based
    compensation not subject to the limitation on tax deductibility
    by us under Code Section&#160;162(m). For purposes of
    Section&#160;162(m), the term &#147;covered employee&#148; means
    our chief executive officer and each other person whose
    compensation is required to be disclosed in our filings with the
    SEC by reason of that person being among our three highest
    compensated officers as of the end of a taxable year. If and to
    the extent required under Section&#160;162(m) of the Code, any
    power or authority relating to a performance award intended to
    qualify under Section&#160;162(m) of the Code is to be exercised
    by the committee and not our board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If and to the extent that the committee determines that these
    provisions of the 2006 plan are to be applicable to any award,
    one or more of the following business criteria for Full House
    and our subsidiaries, on a consolidated basis,
    <FONT style="white-space: nowrap">and/or</FONT> for
    our related entities, or for business or geographical units of
    Full House
    <FONT style="white-space: nowrap">and/or</FONT> a
    related entity, except with respect to the total stockholder
    return and earnings per share criteria, shall be used by the
    committee in establishing performance goals for awards under the
    2006 plan:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="3%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    1.&#160;
</TD>
    <TD align="left">
    earnings per share;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    2.&#160;
</TD>
    <TD align="left">
    revenues or margins;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    3.&#160;
</TD>
    <TD align="left">
    cash flow;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    4.&#160;
</TD>
    <TD align="left">
    operating margin;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    5.&#160;
</TD>
    <TD align="left">
    return on assets, net assets, investment, capital, operating
    revenue or equity;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    6.&#160;
</TD>
    <TD align="left">
    economic value added;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    7.&#160;
</TD>
    <TD align="left">
    direct contribution;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    8.&#160;
</TD>
    <TD align="left">
    income; net income; pretax earnings; earnings before interest
    and taxes; earnings before interest, taxes, depreciation and
    amortization; earnings after interest expense and before
    extraordinary or special items; operating income; net operating
    income; income before interest income or expense, unusual items
    and income taxes, local, state or federal and excluding budgeted
    and actual bonuses which might be paid under any of our ongoing
    bonus plans;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    9.&#160;
</TD>
    <TD align="left">
    working capital or working capital management, including
    inventory turnover and days sales outstanding;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="4%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    10.&#160;
</TD>
    <TD align="left">
    management of fixed costs or variable costs;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    11.&#160;
</TD>
    <TD align="left">
    identification or consummation of investment opportunities or
    completion of specified projects in accordance with corporate
    business plans, including strategic mergers, acquisitions or
    divestitures;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    12.&#160;
</TD>
    <TD align="left">
    total stockholder return;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    13.&#160;
</TD>
    <TD align="left">
    debt reduction;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    14.&#160;
</TD>
    <TD align="left">
    market share;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    15.&#160;
</TD>
    <TD align="left">
    entry into new markets, either geographically or by business
    unit;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    16.&#160;
</TD>
    <TD align="left">
    customer retention and satisfaction;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    17.&#160;
</TD>
    <TD align="left">
    strategic plan development and implementation, including
    turnaround plans;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    18.&#160;
</TD>
    <TD align="left">
    stock price.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Any of the above goals may be determined on an absolute or
    relative basis, for example growth in earnings per share, or as
    compared to the performance of a published or special index
    deemed applicable by the committee
</DIV>
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    <BR>
    15
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<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    including, but not limited to, the Standard&#160;&#038;
    Poor&#146;s 500 Stock Index or a group of companies that are
    comparable to us. The committee shall exclude the impact of any:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    restructurings, discontinued operations, extraordinary items,
    and other unusual or non-recurring charges,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an event either not directly related to our operations or not
    within the reasonable control of management,&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a change in accounting standards required by generally accepted
    accounting principles.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The committee may, in its discretion, determine that the amount
    payable as a performance award will be reduced from the amount
    of any potential award.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Other
    Terms of Awards.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Awards may be settled in the form of cash, shares of common
    stock, other awards or other property, in the discretion of the
    committee. The committee may require or permit participants to
    defer the settlement of all or part of an award in accordance
    with such terms and conditions as the committee may establish,
    including payment or crediting of interest or dividend
    equivalents on deferred amounts, and the crediting of earnings,
    gains and losses based on deemed investment of deferred amounts
    in specified investment vehicles. The committee is authorized to
    place cash, shares of common stock or other property in trusts
    or make other arrangements to provide for payment of our
    obligations under the 2006 plan. The committee may condition any
    payment relating to an award on the withholding of taxes and may
    provide that a portion of any shares of common stock or other
    property to be distributed will be withheld (or previously
    acquired shares of common stock or other property be surrendered
    by the participant) to satisfy withholding and other tax
    obligations. Awards granted under the 2006 plan generally may
    not be pledged or otherwise encumbered and are not transferable
    except by will or by the laws of descent and distribution, or to
    a designated beneficiary upon the participant&#146;s death,
    except that the committee may, in its discretion, permit
    transfers for estate planning or other purposes subject to any
    applicable restrictions under
    <FONT style="white-space: nowrap">Rule&#160;16b-3.</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Awards under the 2006 plan are generally granted without a
    requirement that the participant pay consideration in the form
    of cash or property for the grant (as distinguished from the
    exercise), except to the extent required by law. The committee
    may, however, grant awards in exchange for other awards under
    the 2006 plan, awards under our other plans, or other rights to
    payment from us, and may grant awards in addition to and in
    tandem with such other awards, rights or other awards.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Acceleration
    of Vesting; Change in Control.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The committee may, in its discretion, accelerate the
    exercisability, the lapsing of restrictions or the expiration of
    deferral or vesting periods of any award, and such accelerated
    exercisability, lapse, expiration and if so provided in the
    award agreement or otherwise determined by the committee,
    vesting shall occur automatically in the case of a &#147;change
    in control&#148; of Full House (including the cash settlement of
    stock appreciation rights which may be exercisable in the event
    of a change in control). In addition, the committee may provide
    in an award agreement that the performance goals relating to any
    performance award will be deemed to have been met upon the
    occurrence of any &#147;change in control&#148;. Under the
    amended and restated 2006 plan, accelerated vesting upon a
    change in control shall occur even if the successor entity
    assumes or substitutes the awards, unless otherwise determined
    by the committee administering the 2006 plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    For purposes of the 2006 plan, unless otherwise specified in an
    award agreement, a change in control means the occurrence of any
    of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The acquisition by any person or group of a controlling interest
    defined as the beneficial ownership (within the meaning of Rule
    <FONT style="white-space: nowrap">13d-3</FONT>
    promulgated under the Securities Exchange Act of 1934)&#160;of
    more than 50% of either the then outstanding shares of our
    common stock or the combined voting power of our then
    outstanding voting securities entitled to vote generally in the
    election of directors. However, that the following acquisitions
    shall not constitute or result in a change of control under the
    plan:
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any acquisition directly from Full House;
</TD>
</TR>

</TABLE>
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    <BR>
    16
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<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any acquisition by Full House;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any acquisition by any person or group that as of the effective
    date of the plan owns a controlling interest;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any acquisition by any employee benefit plan (or related trust)
    sponsored or maintained by Full House or any subsidiary;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any acquisition by any corporation pursuant to a transaction
    which complies with clauses (A), (B)&#160;and (C)&#160;of
    paragraph (2)&#160;below;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    During any period of two consecutive years, but no earlier than
    the effective date of the plan, individuals who constitute our
    board on the effective date and any subsequent director whose
    nomination was approved by a majority of our board other than as
    a result of an actual or threatened election contest or
    solicitation of proxies, cease for any reason to constitute at
    least a majority of our board;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Consummation of a reorganization, merger, statutory share
    exchange or consolidation or similar corporate transaction
    involving Full House or any of our subsidiaries, a sale or other
    disposition of all or substantially all of our assets, or the
    acquisition of assets or stock of another entity by Full House
    or any of our subsidiaries in each case, unless, following such
    transaction, (A)&#160;all or substantially all of the
    individuals and entities who beneficially owned our outstanding
    common stock and the combined voting power of our then
    outstanding voting securities immediately prior to such
    transaction beneficially own, directly or indirectly, more than
    50% of the then outstanding shares of common stock and the
    combined voting power of the then outstanding voting securities
    entitled to vote generally in the election of directors, as the
    case may be, of the corporation resulting from such transaction
    in substantially the same proportions as their ownership,
    immediately prior to such transaction of our outstanding common
    stock and the combined voting power of our then outstanding
    voting securities, as the case may be, (B)&#160;no Person
    (excluding any of our employee benefit plans (or related trusts)
    or such corporation resulting from such transaction or any
    person that as of the effective date beneficially owns a
    controlling interest) beneficially owns, directly or indirectly,
    50% or more of the then outstanding shares of common stock of
    the corporation resulting from such transaction or the combined
    voting power of the then outstanding voting securities of such
    corporation except to the extent that such ownership existed
    prior to the transaction and (C)&#160;at least a majority of the
    members of the board of directors of the corporation resulting
    from such transaction were members of our board of directors as
    described in paragraph (2)&#160;above at the time of the
    execution of the initial agreement, or of the action of our
    board, providing for such transaction;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Approval by our stockholders of a complete liquidation or
    dissolution of Full House.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Amendment
    and Termination.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Our board of directors may amend, alter, suspend, discontinue or
    terminate the 2006 plan or the committee&#146;s authority to
    grant awards without further stockholder approval, except that
    stockholder approval must be obtained for any amendment or
    alteration if such approval is required by law or regulation or
    under the rules of any stock exchange or quotation system on
    which shares of common stock are then listed or quoted. Thus,
    stockholder approval may not necessarily be required for every
    amendment to the 2006 plan which might increase the cost of the
    2006 plan or alter the eligibility of persons to receive awards.
    Stockholder approval will not be deemed to be required under
    laws or regulations, such as those relating to ISOs, that
    condition favorable treatment of participants on such approval,
    although the board may, in its discretion, seek stockholder
    approval in any circumstance in which it deems such approval
    advisable. Unless earlier terminated by the board, the 2006 plan
    will terminate at the earliest of
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    such time as no shares of common stock remain available for
    issuance under the 2006 plan,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    termination of the 2006 plan by our board of directors,&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the tenth anniversary of the effective date of the plan.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Awards outstanding upon expiration of the 2006 plan shall remain
    in effect until they have been exercised or terminated, or have
    expired.
</DIV>
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    <BR>
    17
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<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Federal
    Income Tax Consequences of Awards.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The 2006 plan is not qualified under the provisions of
    section&#160;401(a) of the Code and is not subject to any of the
    provisions of the Employee Retirement Income Security Act of
    1974.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Nonqualified
    Stock Options.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    On exercise of a nonqualified stock option granted under the
    2006 plan an optionee will recognize ordinary income equal to
    the excess, if any, of the fair market value on the date of
    exercise of the shares of stock acquired on exercise of the
    option over the exercise price. If the optionee is an employee
    of Full House or a related entity, that income will be subject
    to the withholding of Federal income tax. The optionee&#146;s
    tax basis in those shares will be equal to their fair market
    value on the date of exercise of the option, and his holding
    period for those shares will begin on that date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If an optionee pays for shares of stock on exercise of an option
    by delivering shares of our stock, the optionee will not
    recognize gain or loss on the shares delivered, even if their
    fair market value at the time of exercise differs from the
    optionee&#146;s tax basis in them. The optionee, however,
    otherwise will be taxed on the exercise of the option in the
    manner described above as if he had paid the exercise price in
    cash. If a separate identifiable stock certificate is issued for
    that number of shares equal to the number of shares delivered on
    exercise of the option, the optionee&#146;s tax basis in the
    shares represented by that certificate will be equal to his tax
    basis in the shares delivered, and his holding period for those
    shares will include his holding period for the shares delivered.
    The optionee&#146;s tax basis and holding period for the
    additional shares received on exercise of the option will be the
    same as if the optionee had exercised the option solely in
    exchange for cash.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We will be entitled to a deduction for Federal income tax
    purposes equal to the amount of ordinary income taxable to the
    optionee, provided that amount constitutes an ordinary and
    necessary business expense for us and is reasonable in amount,
    and either the employee includes that amount in income or we
    timely satisfies our reporting requirements with respect to that
    amount.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Incentive
    Stock Options.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The 2006 plan provides for the grant of stock options that
    qualify as &#147;incentive stock options&#148; as defined in
    section&#160;422 of the Code, which we refer to as ISOs. Under
    the Code, an optionee generally is not subject to tax upon the
    grant or exercise of an ISO. In addition, if the optionee holds
    a share received on exercise of an ISO for at least two years
    from the date the option was granted and at least one year from
    the date the option was exercised, the difference, if any,
    between the amount realized on a sale or other taxable
    disposition of that share and the holder&#146;s tax basis in
    that share will be long-term capital gain or loss.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    If, however, an optionee disposes of a share acquired on
    exercise of an ISO before the end of the required holding
    period, the optionee generally will recognize ordinary income in
    the year of the disqualifying disposition equal to the excess,
    if any, of the fair market value of the share on the date the
    ISO was exercised over the exercise price. If, however, the
    disqualifying disposition is a sale or exchange on which a loss,
    if realized, would be recognized for Federal income tax
    purposes, and if the sales proceeds are less than the fair
    market value of the share on the date of exercise of the option,
    the amount of ordinary income recognized by the optionee will
    not exceed the gain, if any, realized on the sale. If the amount
    realized on a disqualifying disposition exceeds the fair market
    value of the share on the date of exercise of the option, that
    excess will be short-term or long-term capital gain, depending
    on whether the holding period for the share exceeds one year.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    An optionee who exercises an ISO by delivering shares of stock
    acquired previously pursuant to the exercise of an ISO before
    the expiration of the required holding period for those shares
    is treated as making a disqualifying disposition of those
    shares. This rule prevents &#147;pyramiding&#148; or the
    exercise of an ISO (that is, exercising an ISO for one share and
    using that share, and others so acquired, to exercise successive
    ISOs) without the imposition of current income tax.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    For purposes of the alternative minimum tax, the amount by which
    the fair market value of a share of stock acquired on exercise
    of an ISO exceeds the exercise price of that option generally
    will be an adjustment included in the optionee&#146;s
    alternative minimum taxable income for the year in which the
    option is exercised. If, however, there
</DIV>
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    <BR>
    18
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    is a disqualifying disposition of the share in the year in which
    the option is exercised, there will be no adjustment with
    respect to that share. If there is a disqualifying disposition
    in a later year, no income with respect to the disqualifying
    disposition is included in the optionee&#146;s alternative
    minimum taxable income for that year. In computing alternative
    minimum taxable income, the tax basis of a share acquired on
    exercise of an ISO is increased by the amount of the adjustment
    taken into account with respect to that share for alternative
    minimum tax purposes in the year the option is exercised.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We are not allowed an income tax deduction with respect to the
    grant or exercise of an incentive stock option or the
    disposition of a share acquired on exercise of an incentive
    stock option after the required holding period. However, if
    there is a disqualifying disposition of a share, we are allowed
    a deduction in an amount equal to the ordinary income includible
    in income by the optionee, provided that amount constitutes an
    ordinary and necessary business expense for us and is reasonable
    in amount, and either the employee includes that amount in
    income or we timely satisfies our reporting requirements with
    respect to that amount.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Stock
    Awards.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Generally, the recipient of a stock award will recognize
    ordinary compensation income at the time the stock is received
    equal to the excess, if any, of the fair market value of the
    stock received over any amount paid by the recipient in exchange
    for the stock. If, however, the stock is non-vested when it is
    received under the 2006 plan (for example, if the employee is
    required to work for a period of time in order to have the right
    to sell the stock), the recipient generally will not recognize
    income until the stock becomes vested, at which time the
    recipient will recognize ordinary compensation income equal to
    the excess, if any, of the fair market value of the stock on the
    date it becomes vested over any amount paid by the recipient in
    exchange for the stock. A recipient may, however, file an
    election with the Internal Revenue Service, within 30&#160;days
    of his or her receipt of the stock award, to recognize ordinary
    compensation income, as of the date the recipient receives the
    award, equal to the excess, if any, of the fair market value of
    the stock on the date the award is granted over any amount paid
    by the recipient in exchange for the stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The recipient&#146;s basis for the determination of gain or loss
    upon the subsequent disposition of shares acquired as stock
    awards will be the amount paid for such shares plus any ordinary
    income recognized either when the stock is received or when the
    stock becomes vested. Upon the disposition of any stock received
    as a stock award under the 2006 plan the difference between the
    sale price and the recipient&#146;s basis in the shares will be
    treated as a capital gain or loss and generally will be
    characterized as long-term capital gain or loss if the shares
    have been held for more the one year from the date as of which
    he or she would be required to recognize any compensation income.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Stock
    Appreciation Rights.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We may grant SARs separate from any other award, which we refer
    to as stand-alone SARs, or in tandem with options, which we
    refer to as tandem SARs, under the 2006 plan. Generally, the
    recipient of a stand-alone SAR will not recognize any taxable
    income at the time the stand-alone SAR is granted.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    With respect to stand-alone SARs, if the recipient receives the
    appreciation inherent in the SARs in cash, the cash will be
    taxable as ordinary compensation income to the recipient at the
    time that the cash is received. If the recipient receives the
    appreciation inherent in the SARs in shares of stock, the
    recipient will recognize ordinary compensation income equal to
    the excess of the fair market value of the stock on the day it
    is received over any amounts paid by the recipient for the stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    With respect to tandem SARs, if the recipient elects to
    surrender the underlying option in exchange for cash or shares
    of stock equal to the appreciation inherent in the underlying
    option, the tax consequences to the recipient will be the same
    as discussed above relating to the stand-alone SARs. If the
    recipient elects to exercise the underlying option, the holder
    will be taxed at the time of exercise as if he or she had
    exercised a nonqualified stock option as discussed above, in
    that case, the recipient will recognize ordinary income for
    federal tax purposes measured by the excess of the then fair
    market value of the shares of stock over the exercise price.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    In general, there will be no federal income tax deduction
    allowed to us upon the grant or termination of stand-alone SARs
    or tandem SARs. Upon the exercise of either a stand-alone SAR or
    a tandem SAR, however, we will be
</DIV>
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    <BR>
    19
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    entitled to a deduction for federal income tax purposes equal to
    the amount of ordinary income that the employee is required to
    recognize as a result of the exercise, provided that the
    deduction is not otherwise disallowed under the Code.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Dividend
    Equivalents.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Generally, the recipient of a dividend equivalent award will
    recognize ordinary compensation income at the time the dividend
    equivalent award is received equal to the fair market value
    dividend equivalent award received. We generally will be
    entitled to a deduction for federal income tax purposes equal to
    the amount of ordinary income that the employee is required to
    recognize as a result of the dividend equivalent award, provided
    that the deduction is not otherwise disallowed under the Code.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Section&#160;162
    Limitations.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Section&#160;162(m) to the Code, generally disallows a public
    company&#146;s tax deduction for compensation to covered
    employees in excess of $1&#160;million in any tax year beginning
    on or after January&#160;1, 1994. Compensation that qualifies as
    &#147;performance-based compensation&#148; is excluded from the
    $1&#160;million deductibility cap, and therefore remains fully
    deductible by the company that pays it. We intend that awards
    granted to employees under the plan whom the committee expects
    to be covered employees at the time a deduction arises in
    connection with such options, may, if and to the extent that the
    committee determines to do so, be granted in a manner that will
    qualify as such &#147;performance-based compensation,&#148; so
    that such awards would not be subject to the Section&#160;162(m)
    deductibility cap of $1&#160;million. Future changes in
    Section&#160;162(m) or the regulations thereunder may adversely
    affect our ability to ensure that options under the 2006 plan
    will qualify as &#147;performance-based compensation&#148; that
    are fully deductible by us under Section&#160;162(m).
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Importance
    of Consulting Tax Adviser.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The information set forth above is a summary only and does not
    purport to be complete. In addition, the information is based
    upon current Federal income tax rules and therefore is subject
    to change when those rules change. Moreover, because the tax
    consequences to any recipient may depend on his particular
    situation, each recipient should consult his tax adviser as to
    the Federal, state, local and other tax consequences of the
    grant or exercise of an award or the disposition of stock
    acquired as a result of an award.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Awards to
    Executives.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    As of the record date, our compensation committee granted
    1,120,000&#160;shares of restricted stock under the 2006 plan to
    six executives, one employee of the company, one employee of a
    related entity and six board members. These shares of restricted
    stock that did not vest at grant date, vested over three years
    and all are currently vested.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    OUR BOARD OF DIRECTORS RECOMMENDS A VOTE &#147;FOR&#148; THE
    AMENDMENT AND RESTATEMENT OF OUR 2006 INCENTIVE COMPENSATION
    PLAN.
</DIV>
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    <BR>
    20
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<A name='A58883106'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">EXECUTIVE
    COMPENSATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    In accordance with the SEC&#146;s proxy disclosure rules,
    &#147;total compensation&#148; in 2010 is defined as the sum of
    the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Salary:</I>&#160;&#160;Base salary paid during 2010.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Bonus:</I>&#160;&#160;Non-performance based awards (i.e.,
    guarantees, sign on, retention bonuses).
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Stock Awards:</I>&#160;&#160;Restricted stock (including
    dividends earned on outstanding restricted shares that are not
    part of FAS&#160;123(R) value) dollar amounts reflect the grant
    date accounting fair value calculated pursuant to the guidance
    set forth under FAS&#160;123(R), as presented in our Annual
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-K.</FONT>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Non-Equity Incentive Awards:</I>&#160;&#160;Short and
    long-term performance based awards, reflecting only annual
    incentives for 2010.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>All Other Compensation:</I>&#160;&#160;All other compensation
    not captured elsewhere in the Summary Executive Compensation
    Table. We have reported these amounts, even if the value of an
    individual item is less than $10,000.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Summary
    Executive Compensation Table</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The following table summarizes the &#147;total
    compensation&#148; of our Chief Executive Officer, and our two
    highest paid executives other than our Chief Executive Officer,
    or, collectively, the named executive officers, for the fiscal
    year ended December&#160;31, 2010.
</DIV>

<A name='A58883107'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">SUMMARY
    COMPENSATION TABLE</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="39%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
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    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
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    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
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    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
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    <TD width="5%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
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    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Non-Equity<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>All Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
    <B>Name and<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Incentive Plan<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Compensation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Principal Position</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Year</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Salary</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Bonus</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Awards(1)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Compensation(2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(3)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Total</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Andre M. Hilliou
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2010
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    314,042
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    255,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    573,668
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    <I>Chief Executive Officer</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2009
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    288,750
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    82,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    210,603
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,800
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    586,653
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Mark J. Miller
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2010
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    314,042
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    111,101
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    255,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    680,769
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    <I>Executive Vice</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2009
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    288,750
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    38,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    210,603
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    537,853
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    <I>President/Chief Financial</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    <I>Officer/Chief Operating Officer</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    T. Wesley Elam
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2010
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    226,590
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    230,901
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    457,491
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    <I>Vice President of</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2009
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    216,295
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    14,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    110,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    340,545
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    <I>Operations and Project</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: 0pt; margin-left: 10pt">
    <I>Management </I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    The amounts shown in this column represent the dollar amount
    recognized for payroll reporting purposes for the year ended
    related to restricted stock awards granted in and prior to 2010
    pursuant to our various share-based payment plans, and include
    amounts from awards. Assumptions used in the calculation of
    these amounts are included in Note&#160;13 to our consolidated
    financial statements included in our Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2010.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    The amount shown in this column for each named executive officer
    is the attributable performance-based bonus granted under the
    2006 Incentive Compensation Plan. These amounts correspond to
    the year in which they were earned.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    The amounts shown in this column represent incidental expenses
    relating to maintaining an office for Mr.&#160;Hilliou separate
    from the Company&#146;s headquarters.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    During 2010, the Compensation Committee approved and the
    executive officers were paid the salaries, incentive
    compensation, and restricted stock awards reported in the above
    table, which were determined to be at the low end of executive
    compensation for equivalent positions for companies of similar
    size and status.
</DIV>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    21
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Employment
    Agreements</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    In April&#160;20, 2007, we entered into an employment agreement
    with each of Mr.&#160;Hilliou, Mr.&#160;Miller, and
    Mr.&#160;Elam on July&#160;17, 2007, the Company and
    Mr.&#160;Hilliou and Mr.&#160;Miller amended their agreements.
    The term of each of these agreements is two years (one year in
    the case of Mr.&#160;Elam), with automatic successive renewals
    unless either we or the relevant executive provides notice of
    termination at least 90&#160;days prior to the end of the then
    current term. The agreements set an initial annual base salary
    of $250,000 for Mr.&#160;Hilliou, $250,000 for Mr.&#160;Miller,
    and $200,000 for Mr.&#160;Elam, in each case subject to increase
    by our board of directors at the beginning of each calendar
    year. In addition, Mr.&#160;Miller and Mr.&#160;Elam each are
    eligible to receive an annual incentive bonus equal to up to
    100% (200% for Mr.&#160;Hilliou) of his base salary subject to
    the achievement of annual objectives established by our
    compensation committee. In addition to the shares of restricted
    stock previously granted to each executive, each executive may
    receive additional grants as determined by our compensation
    committee. The agreement further provides that we will maintain
    a policy of term life insurance on each executive for the
    benefit of beneficiaries designated by the executive. The amount
    of such policy shall be determined by us, but shall not be less
    than two years of the executive&#146;s base compensation. In the
    event of termination of any of these employment agreements upon
    the death of the executive or by us because of illness or
    incapacity of the executive that continues for 90&#160;days, in
    addition to all amounts owed through the date of termination, we
    shall pay to the executive an amount equal to his prior
    year&#146;s annual bonus pro-rated through the date of
    termination. In the event the agreement is terminated by us for
    &#147;cause&#148;, or by the executive without &#147;good
    reason&#148;, we shall only be obligated to pay the executive
    all base salary and benefits accrued through the date of
    termination and the executive shall forfeit any unvested shares
    of restricted stock. In the event the agreement is terminated by
    us without &#147;cause&#148; or by the executive for &#147;good
    reason&#148;, in addition to amounts owed through the date of
    termination, we shall:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Continue to pay the executive&#146;s base salary for a period of
    six months plus an additional one month of base salary for each
    year of employment (up to a maximum of 12&#160;months base
    salary),
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Pay an annual bonus for the year of termination equal to the
    average annual bonus for the executive for the previous two
    years, pro-rated through the date of termination (subject to a
    minimum of 50%),&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Continue, at our expense, all of the executive&#146;s health,
    dental and other insurance benefits until the earlier of the end
    of the term or the date the executive becomes subsequently
    employed.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    For purposes of the employment agreements, &#147;cause&#148;
    means (1)&#160;the executive&#146;s material fraud, dishonesty,
    willful misconduct, or willful and continuing failure in the
    performance of his duties under the employment agreement;
    (2)&#160;the executive&#146;s breach of any material provision
    of the employment agreement which has not been cured within
    30&#160;days following the notice thereof, or (3)&#160;the
    commission by the executive of any felony criminal act or the
    commission of any crime involving fraud, dishonesty or moral
    corruptness, including denial or removal of the executive&#146;s
    licensing from any governmental gaming agency or licensing
    authority. For purposes of the employment agreements &#147;good
    reason&#148; means (1)&#160;our failure to comply with any
    material provision of the employment agreement which has not
    been cured within 30&#160;days following the notice thereof, or
    (2)&#160;our direction to the executive to do, perform, or omit
    to perform any act, or the executive&#146;s knowledge of such
    acts or omissions performed by our other employees without
    appropriate redress, which acts or omissions are known to be
    fraudulent, illegal or could otherwise materially impact
    negatively upon the executive&#146;s personal and professional
    reputation.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Change of
    Control Provisions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Each of the employment agreements provides that upon a change of
    control, the executive may terminate his employment agreement
    only if the change of control materially affects his position
    and compensation under the agreement. To the extent any
    executive so terminates his agreement, or in the event the
    executive is not retained under contract following a change of
    control:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    We will pay to the executive a cash payment equal to the greater
    of (a)&#160;one year&#146;s base salary or in the case of
    Mr.&#160;Hilliou two year&#146;s base salary and (b)&#160;the
    remaining base salary due under the agreement;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    We will pay to the executive a cash payment equal to his average
    annual bonuses paid under his employment agreement for the three
    prior years (or the average of the annual bonuses paid to date,
    if the term of employment is less than three years);&#160;and
</TD>
</TR>

</TABLE>
<!-- XBRL Pagebreak Begin -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <BR>
    22
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<!-- XBRL Pagebreak End -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    All unvested shares or other stock-based grants awarded pursuant
    to our 2006 Incentive Compensation Plan or other benefit plan
    will accelerate and vest upon the date of the change of control.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    For purposes of the employment agreements, a &#147;change of
    control&#148; means (1)&#160;a person, entity or group acquires
    beneficial ownership of 50% or more of our then outstanding
    voting securities, (2)&#160;individuals who constitute our board
    as of April&#160;17, 2007 and directors whose nominations are
    approved by a majority of such incumbent board members cease to
    constitute a majority of our board of directors, or
    (3)&#160;approval by our stockholders of (A)&#160;a business
    combination in which our shareholders prior to the transaction
    do not own at least 50% of the combined voting power of the
    voting securities of combined business and at least a majority
    of our incumbent board comprises a majority of the board of the
    combined business, (B)&#160;a liquidation or dissolution of our
    company, or (C)&#160;a sale of all or substantially all of our
    assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The following describes the amounts payable upon termination of
    employment of the named executive officers as if such employment
    terminated on December&#160;31, 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="61%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="3%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<!-- TableOutputHead -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Accelerated<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Continued<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Vesting of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Medical<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Restricted<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Benefits<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Stock<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Total<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Employee</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Payment</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(1)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Payments</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<!-- TableOutputBody -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Andre M. Hilliou</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Death or Disability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    763,213
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    763,213
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Without Cause or with Good Reason
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    597,078
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    10,633
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    607,711
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Change of control
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    835,002
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    835,002
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Mark J. Miller</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Death or Disability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    454,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    454,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Without Cause or with Good Reason
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    526,039
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    15,442
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    541,481
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Change of control
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    526,039
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    526,039
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>T. Wesley Elam</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Death or Disability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    108,310
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    108,310
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Without Cause or with Good Reason
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    399,176
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5,633
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    404,809
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Change of control
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    384,704
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    384,704
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Following a termination by us without cause or by the executive
    with good reason, we have agreed to provide him, his spouse and
    his dependents medical, dental and life insurance benefits for
    the term or until the executive is otherwise employed. The
    amounts in this column represent the estimated cost to us of
    those payments over a twelve month period.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the value of the unvested shares owned by the
    executive as of December&#160;31, 2010, calculated by
    multiplying the number of shares by the closing price of our
    stock on that date of $3.39. These shares vested in February
    2010.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Restricted
    Stock</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Upon stockholder approval of our 2006 Incentive Compensation
    Plan in May 2006, we granted 275,000&#160;shares of restricted
    stock to Andre Hilliou which vested in four equal annual amounts
    beginning on the grant date of May&#160;31, 2006 and then in
    January of the succeeding three years. We also granted 35,000
    restricted shares to T. Wesley Elam, vesting in three equal
    annual installments beginning in January 2007. In addition, in
    March of 2007, we granted 110,000&#160;shares of restricted
    stock to Mark Miller which vested in three annual amounts
    beginning on February&#160;19, 2007. There were no Outstanding
    Equity Awards at Fiscal Year-End, or December&#160;31, 2010, for
    our named executive officers.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">2006
    Incentive Compensation Plan</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    On May&#160;29, 2006, our stockholders approved our 2006
    Incentive Compensation Plan. The 2006 Incentive Compensation
    Plan is administered by our compensation committee. In
    consideration of their services, officers, directors, employees
    and consultants of us or a related entity are eligible to
    receive a variety of awards under the plan, including, incentive
    stock options, nonqualified stock options, stock appreciation
    rights, restricted stock,
</DIV>
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    <BR>
    23
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    deferred stock, dividend equivalents, bonus stock and
    performance awards. The total number of shares currently
    issuable under the plan is 1,200,000. As of December&#160;31,
    2010, we had issued 1,120,000&#160;shares of stock and
    restricted stock under the plan to our executive officers and
    directors.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Prior
    Stock Option Plans</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The Company&#146;s ability to issue options under its earlier
    plans expired on June&#160;30, 2002, and all options granted
    were fully vested prior to 2006.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    Relationships and Related Transactions</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    In September 2006, we entered into a consulting agreement with
    Mr.&#160;Iacocca, one of our directors, under the terms of which
    Mr.&#160;Iacocca would provide consulting services to us related
    to marketing and advertising for a period of three years. In
    consideration of these services, we granted to Mr.&#160;Iacocca
    300,000 restricted shares of our common stock valued at
    $1,119,000 based on the closing price on the grant date with no
    discount, which vested in equal amounts over the three year term
    of the agreement. The grant to Mr.&#160;Iacocca was initially
    recorded as deferred compensation, reported as a reduction of
    stockholder&#146;s equity and was subsequently amortized into
    compensation expense on a straight-line basis as services are
    provided over the three year vesting period.
</DIV>

<A name='A58883111'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">PROPOSAL&#160;FOUR:<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">RATIFICATION
    OF INDEPENDENT AUDITORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Piercy Bowler Taylor&#160;&#038; Kern was retained as our
    independent registered public accounting firm for the year
    ending December&#160;31, 2010.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    THE BOARD OF DIRECTORS RECOMMENDS A VOTE &#147;FOR&#148; THE
    RATIFICATION OF PIERCY BOWLER TAYLOR&#160;&#038; KERN AS OUR
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR
    ENDING DECEMBER 31, 2011.
</DIV>

<A name='A58883112'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">INDEPENDENT
    AUDITOR MATTERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Independent
    Auditors</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Piercy Bowler Taylor&#160;&#038; Kern audited Full House&#146;s
    annual consolidated financial statements for the years ended
    December&#160;31, 2010 and 2009. Representatives of Piercy
    Bowler Taylor&#160;&#038; Kern are not expected to attend the
    meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    During fiscal years 2010 and 2009, Full House retained Piercy
    Bowler Taylor&#160;&#038; Kern to provide services in the
    following categories and amounts:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Audit
    Fees</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Fees in connection with the audit of our financial statements
    and the reviews of the financial statements included in each of
    our Quarterly Reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    was $166,642 and $165,553 for 2010 and 2009, respectively.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Audit
    Related Fees</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Audit related fees were $12,000 and $12,296 for 2010 and 2009,
    respectively. Fees in 2010 and 2009 relate primarily to Nevada
    Gaming Commission regulatory reporting.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">Tax
    Fees</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    We did not engage Piercy Bowler Taylor&#160;&#038; Kern for any
    tax related professional services for the fiscal year ended
    December&#160;31, 2010 or 2009.
</DIV>
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    <BR>
    24
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <I><FONT style="font-family: 'Times New Roman', Times">All Other
    Fees</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Other services fees were $0 for the fiscal year ended
    December&#160;31, 2010 and $0 for December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Pre-Approval
    Policies and Procedures</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The audit committee&#146;s policy is to review and pre-approve
    any engagement of our independent auditor to provide any audit
    or permissible non-audit service to us. All of the services
    provided by our independent auditors were approved by our audit
    committee and the audit committee believes that the provision of
    these services is consistent with maintaining the
    accountants&#146; independence.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Audit
    Committee Report</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>The following report of the Audit Committee does not
    constitute soliciting material and should not be deemed filed or
    incorporated by reference into any of Full House&#146;s filings
    under the Securities Act of 1933, as amended, or the Securities
    Exchange Act of 1934, as amended, except to the extent that we
    specifically incorporate such report by reference.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The Audit Committee oversees Full House&#146;s financial
    reporting process. Management has the primary responsibility for
    the financial statements and the financial reporting process
    including the system of internal controls.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    In fulfilling our oversight responsibilities, we reviewed and
    discussed the financial statements with management. In addition,
    we discussed with the independent auditors matters deemed
    significant by the independent auditors, including those matters
    required to be discussed pursuant to Statement on Auditing
    Standards No.&#160;61 (Communication with Audit Committees), as
    amended. The audit committee met at the end of each quarter with
    management and the independent auditors where we reviewed and
    approved the quarterly and annual filings.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The independent auditors also provided us with the written
    disclosures and the letter required by Independence Standards
    Board Standard No.&#160;1 (Independence Discussions with Audit
    Committees). We discussed with the independent auditors matters
    relating to their independence and considered whether their
    provision of non-audit services is compatible with maintaining
    their independence.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Based on our review with management and the independent auditors
    of Full House&#146;s audited consolidated financial statements
    and the independent auditors&#146; report on such financial
    statements, and based on the discussions and written disclosures
    described above and our business judgment, we recommended that
    the audited consolidated financial statements be included in
    Full House&#146;s Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2010 for filing with the
    SEC.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Kathleen M. Caracciolo
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Kenneth R. Adams
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Carl G. Braunlich
</DIV>
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    <BR>
    25
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<A name='A58883113'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">GENERAL
    INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Other Matters.</I>&#160;&#160;Our Board of Directors does not
    intend to present any matter for action at the annual meeting
    other than the matters described in this proxy statement. If any
    other matters properly come before the annual meeting, it is
    intended that the holders of the proxies hereby solicited will
    act in respect to such matters in accordance with their best
    judgment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Information Concerning Shareholder Proposals and Director
    Nominations.</I>&#160;&#160;Any stockholder satisfying the
    Securities and Exchange Commission requirements and wishing to
    submit a proposal to be included in the proxy statement for the
    2012 Annual Meeting of Stockholders should submit the proposal
    in writing to the Corporate Secretary, Full House Resorts, Inc.,
    4670 South Fort&#160;Apache Road, Suite&#160;190, Las Vegas
    Nevada 89147. We must receive a proposal by December&#160;22,
    2011 in order to consider it for inclusion in the proxy
    statement for the 2012 Annual Meeting of Stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Stockholders who wish to present director nominations or any
    other business at the 2012 Annual Meeting of Stockholders are
    required to notify the Corporate Secretary of their intent no
    later than December&#160;22, 2011. We retain discretion to vote
    proxies we receive with respect to proposals received after
    March&#160;7, 2012.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    By Order of the Board of Directors,
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <IMG src="a58883pa5888301.gif" alt="-s- Barth F. Aaron">
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 39%;  align: left; border-bottom: 1pt solid #000000"></DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Barth F. Aaron
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <I>Secretary</I>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Las Vegas, Nevada
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    March&#160;[&#160;&#160;], 2011
</DIV>
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    26
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<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;A</FONT></B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Amended
    and Restated 2006 Incentive Compensation Plan.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">FULL
    HOUSE RESORTS, INC.<BR>
    AMENDED AND RESTATED<BR>
    <BR>
    2006 INCENTIVE COMPENSATION PLAN<BR>
    (Effective as of [April&#160;26,] 2011)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    1.&#160;<I>Purpose.</I>&#160;&#160;The purpose of this FULL
    HOUSE RESORTS, INC. AMENDED AND RESTATED 2006 INCENTIVE
    COMPENSATION PLAN (the &#147;Plan&#148;) is to assist Full House
    Resorts, Inc., a Delaware corporation (the &#147;Company&#148;)
    and its Related Entities (as hereinafter defined) in attracting,
    motivating, retaining and rewarding high-quality executives and
    other employees, officers, directors, consultants and other
    persons who provide services to the Company or its Related
    Entities by enabling such persons to acquire or increase a
    proprietary interest in the Company in order to strengthen the
    mutuality of interests between such persons and the
    Company&#146;s shareholders, and providing such persons with
    performance incentives to expend their maximum efforts in the
    creation of shareholder value.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    2.&#160;<I>Definitions.</I>&#160;&#160;For purposes of the Plan,
    the following terms shall be defined as set forth below, in
    addition to such terms defined in Section&#160;1 hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;<I>&#147;Award&#148;</I> means any Option, Stock
    Appreciation Right, Restricted Stock Award, Deferred Stock
    Award, Share granted as a bonus or in lieu of another award,
    Dividend Equivalent, Other Stock-Based Award or Performance
    Award, together with any other right or interest, granted to a
    Participant under the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;<I>&#147;Award Agreement&#148;</I> means any written
    agreement, contract or other instrument or document evidencing
    any Award granted by the Committee hereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;<I>&#147;Beneficiary&#148;</I> means the person,
    persons, trust or trusts that have been designated by a
    Participant in his or her most recent written beneficiary
    designation filed with the Committee to receive the benefits
    specified under the Plan upon such Participant&#146;s death or
    to which Awards or other rights are transferred if and to the
    extent permitted under Section&#160;10(b) hereof. If, upon a
    Participant&#146;s death, there is no designated Beneficiary or
    surviving designated Beneficiary, then the term Beneficiary
    means the person, persons, trust or trusts entitled by will or
    the laws of descent and distribution to receive such benefits.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (d)&#160;<I>&#147;Beneficial Owner&#148;</I> shall have the
    meaning ascribed to such term in
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    under the Exchange Act and any successor to such Rule.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (e)&#160;<I>&#147;Board&#148;</I> means the Company&#146;s Board
    of Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (f)&#160;<I>&#147;Cause&#148;</I> shall, with respect to any
    Participant have the meaning specified in the Award Agreement.
    In the absence of any definition in the Award Agreement,
    &#147;Cause&#148; shall have the equivalent meaning or the same
    meaning as &#147;cause&#148; or &#147;for cause&#148; set forth
    in any employment, consulting, or other agreement for the
    performance of services between the Participant and the Company
    or a Related Entity or, in the absence of any such agreement or
    any such definition in such agreement, such term shall mean
    (i)&#160;the failure by the Participant to perform, in a
    reasonable manner, his or her duties as assigned by the Company
    or a Related Entity, (ii)&#160;any violation or breach by the
    Participant of his or her employment, consulting or other
    similar agreement with the Company or a Related Entity, if any,
    (iii)&#160;any violation or breach by the Participant of any
    non-competition, non-solicitation, non-disclosure
    <FONT style="white-space: nowrap">and/or</FONT> other
    similar agreement with the Company or a Related Entity,
    (iv)&#160;any act by the Participant of dishonesty or bad faith
    with respect to the Company or a Related Entity, (v)&#160;use of
    alcohol, drugs or other similar substances in a manner that
    adversely affects the Participant&#146;s work performance, or
    (vi)&#160;the commission by the Participant of any act,
    misdemeanor, or crime reflecting unfavorably upon the
    Participant or the Company or any Related Entity. The good faith
    determination by the Committee of whether the Participant&#146;s
    Continuous Service was terminated by the Company for
    &#147;Cause&#148; shall be final and binding for all purposes
    hereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (g)&#160;<I>&#147;Change in Control&#148;</I> means a Change in
    Control as defined with related terms in Section&#160;9(b) of
    the Plan.
</DIV>
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    <BR>
    27
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (h)&#160;<I>&#147;Code&#148;</I> means the Internal Revenue Code
    of 1986, as amended from time to time, including regulations
    thereunder and successor provisions and regulations thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;<I>&#147;Committee&#148;</I> means a committee
    designated by the Board to administer the Plan; provided,
    however, that if the Board fails to designate a committee or if
    there are no longer any members on the committee so designated
    by the Board, then the Board shall serve as the Committee. The
    Committee shall consist of at least two directors, and each
    member of the Committee shall be (i)&#160;a &#147;non-employee
    director&#148; within the meaning of
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    (or any successor rule) under the Exchange Act, unless
    administration of the Plan by &#147;non-employee directors&#148;
    is not then required in order for exemptions under
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    to apply to transactions under the Plan, (ii)&#160;an
    &#147;outside director&#148; within the meaning of
    Section&#160;162(m) of the Code, and
    (iii)&#160;&#147;Independent&#148;.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (j)&#160;<I>&#147;Consultant&#148;</I> means any person (other
    than an Employee or a Director, solely with respect to rendering
    services in such person&#146;s capacity as a director) who is
    engaged by the Company or any Related Entity to render
    consulting or advisory services to the Company or such Related
    Entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (k)&#160;<I>&#147;Continuous Service&#148;</I> means the
    uninterrupted provision of services to the Company or any
    Related Entity in any capacity of Employee, Director, Consultant
    or other service provider. Continuous Service shall not be
    considered to be interrupted in the case of (i)&#160;any
    approved leave of absence, (ii)&#160;transfers among the
    Company, any Related Entities, or any successor entities, in any
    capacity of Employee, Director, Consultant or other service
    provider, or (iii)&#160;any change in status as long as the
    individual remains in the service of the Company or a Related
    Entity in any capacity of Employee, Director, Consultant or
    other service provider (except as otherwise provided in the
    Award Agreement). An approved leave of absence shall include
    sick leave, military leave, or any other authorized personal
    leave.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (l)&#160;<I>&#147;Covered Employee&#148;</I> means the Person
    who, as of the end of the taxable year, either is the principal
    executive officer of the Company or is serving as the acting
    principal executive officer of the Company, and each other
    Person whose compensation is required to be disclosed in the
    Company&#146;s filings with the Securities and Exchange
    Commission by reason of that person being among the three
    highest compensated officers of the Company as of the end of a
    taxable year, or such other person as shall be considered a
    &#147;covered employee&#148; for purposes of Section&#160;162(m)
    of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (m)&#160;<I>&#147;Deferred Stock&#148;</I> means a right to
    receive Shares, including Restricted Stock, cash measured based
    upon the value of Shares or a combination thereof, at the end of
    a specified deferral period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (n)&#160;<I>&#147;Deferred Stock Award&#148;</I> means an Award
    of Deferred Stock granted to a Participant under
    Section&#160;6(e) hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (o)&#160;<I>&#147;Director&#148;</I> means a member of the Board
    or the board of directors of any Related Entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (p)&#160;<I>&#147;Disability&#148;</I> means a permanent and
    total disability (within the meaning of Section&#160;22(e) of
    the Code), as determined by a medical doctor satisfactory to the
    Committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (q)&#160;<I>&#147;Dividend Equivalent&#148;</I> means a right,
    granted to a Participant under Section&#160;6(g) hereof, to
    receive cash, Shares, other Awards or other property equal in
    value to dividends paid with respect to a specified number of
    Shares, or other periodic payments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (r)&#160;<I>&#147;Effective Date&#148;</I> means the effective
    date of the Plan, which shall be January&#160;1, 2006. With
    respect to the Plan, as amended and restated, the effective date
    means [April 26], 2011.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (s)&#160;<I>&#147;Eligible Person&#148;</I> means each officer,
    Director, Employee, Consultant and other person who provides
    services to the Company or any Related Entity. The foregoing
    notwithstanding, only Employees of the Company, or any parent
    corporation or subsidiary corporation of the Company (as those
    terms are defined in Sections&#160;424(e) and (f)&#160;of the
    Code, respectively), shall be Eligible Persons for purposes of
    receiving any Incentive Stock Options. An Employee on leave of
    absence may, in the discretion of the Committee, be considered
    as still in the employ of the Company or a Related Entity for
    purposes of eligibility for participation in the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (t)&#160;<I>&#147;Employee&#148;</I> means any person, including
    an officer or Director, who is an employee of the Company or any
    Related Entity. The payment of a director&#146;s fee by the
    Company or a Related Entity shall not be sufficient to
    constitute &#147;employment&#148; by the Company.
</DIV>
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    <BR>
    28
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (u)&#160;<I>&#147;Exchange Act&#148;</I> means the Securities
    Exchange Act of 1934, as amended from time to time, including
    rules thereunder and successor provisions and rules thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (v)&#160;<I>&#147;Fair Market Value&#148;</I> means the fair
    market value of Shares, Awards or other property as determined
    by the Committee, or under procedures established by the
    Committee. Unless otherwise determined by the Committee, the
    Fair Market Value of a Share as of any given date shall be the
    closing sale price per Share reported on a consolidated basis
    for stock listed on the principal stock exchange or market on
    which Shares are traded on the date immediately preceding the
    date as of which such value is being determined or, if there is
    no sale on that date, then on the last previous day on which a
    sale was reported.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (w)&#160;<I>&#147;Good Reason&#148;</I> shall, with respect to
    any Participant, have the meaning specified in the Award
    Agreement. In the absence of any definition in the Award
    Agreement, &#147;Good Reason&#148; shall have the equivalent
    meaning or the same meaning as &#147;good reason&#148; or
    &#147;for good reason&#148; set forth in any employment,
    consulting or other agreement for the performance of services
    between the Participant and the Company or a Related Entity or,
    in the absence of any such agreement or any such definition in
    such agreement, such term shall mean (i)&#160;the assignment to
    the Participant of any duties inconsistent in any material
    respect with the Participant&#146;s position (including status,
    titles and reporting requirements), authority, duties or
    responsibilities as assigned by the Company or a Related Entity,
    or any other action by the Company or a Related Entity which
    results in a material diminution in such position, authority,
    duties or responsibilities, excluding for this purpose an
    isolated, insubstantial and inadvertent action not taken in bad
    faith and which is remedied by the Company or a Related Entity
    promptly after receipt of notice thereof given by the
    Participant; (ii)&#160;any material failure by the Company or a
    Related Entity to comply with its obligations to the Participant
    as agreed upon, other than an isolated, insubstantial and
    inadvertent failure not occurring in bad faith and which is
    remedied by the Company or a Related Entity promptly after
    receipt of notice thereof given by the Participant; or
    (iii)&#160;the Company&#146;s or Related Entity&#146;s requiring
    the Participant to be based at any office or location outside of
    one-hundred miles from the location of employment or service as
    of the date of Award, except for travel reasonably required in
    the performance of the Participant&#146;s responsibilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (x)&#160;<I>&#147;Incentive Stock Option&#148;</I> means any
    Option intended to be designated as an incentive stock option
    within the meaning of Section&#160;422 of the Code or any
    successor provision thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (y)&#160;<I>&#147;Independent&#148;,</I> when referring to
    either the Board or members of the Committee, shall have the
    same meaning as used in the rules of the American Stock Exchange
    or any national securities exchange on which any securities of
    the Company are listed for trading, and if not listed for
    trading, by the rules of the Nasdaq Stock Market.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (z)&#160;<I>&#147;Incumbent Board&#148;</I> means the Incumbent
    Board as defined in Section&#160;9(b)(ii) of the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (aa)&#160;<I>&#147;Option&#148;</I> means a right granted to a
    Participant under Section&#160;6(b) hereof, to purchase Shares
    or other Awards at a specified price during specified time
    periods.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (bb)&#160;<I>&#147;Optionee&#148;</I> means a person to whom an
    Option is granted under this Plan or any person who succeeds to
    the rights of such person under this Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (cc)&#160;<I>&#147;Other Stock-Based Awards&#148;</I> means
    Awards granted to a Participant under Section&#160;6(i) hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (dd)&#160;<I>&#147;Participant&#148;</I> means a person who has
    been granted an Award under the Plan which remains outstanding,
    including a person who is no longer an Eligible Person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ee)&#160;<I>&#147;Performance Award&#148;</I> shall mean any
    Award of Performance Shares or Performance Units granted
    pursuant to Section&#160;6(h).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ff)&#160;<I>&#147;Performance Period&#148;</I> means that
    period established by the Committee at the time any Performance
    Award is granted or at any time thereafter during which any
    performance goals specified by the Committee with respect to
    such Award are to be measured.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (gg)&#160;<I>&#147;Performance Share&#148;</I> means any grant
    pursuant to Section&#160;6(h) of a unit valued by reference to a
    designated number of Shares, which value may be paid to the
    Participant by delivery of such property as the Committee shall
    determine, including cash, Shares, other property, or any
    combination thereof, upon achievement
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    of such performance goals during the Performance Period as the
    Committee shall establish at the time of such grant or
    thereafter.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (hh)&#160;<I>&#147;Performance Unit&#148;</I> means any grant
    pursuant to Section&#160;6(h) of a unit valued by reference to a
    designated amount of property (including cash) other than
    Shares, which value may be paid to the Participant by delivery
    of such property as the Committee shall determine, including
    cash, Shares, other property, or any combination thereof, upon
    achievement of such performance goals during the Performance
    Period as the Committee shall establish at the time of such
    grant or thereafter.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;<I>&#147;Person&#148;</I> shall have the meaning
    ascribed to such term in Section&#160;3(a)(9) of the Exchange
    Act and used in Sections&#160;13(d) and 14(d) thereof, and shall
    include a &#147;group&#148; as defined in Section&#160;13(d)
    thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (jj)&#160;<I>&#147;Related Entity&#148;</I> means any
    Subsidiary, and any business, corporation, partnership, limited
    liability company or other entity designated by Board in which
    the Company or a Subsidiary holds a substantial ownership
    interest, directly or indirectly.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (kk)&#160;<I>&#147;Restricted Stock&#148;</I> means any Share
    issued with the restriction that the holder may not sell,
    transfer, pledge or assign such Share and with such risks of
    forfeiture and other restrictions as the Committee, in its sole
    discretion, may impose (including any restriction on the right
    to vote such Share and the right to receive any dividends),
    which restrictions may lapse separately or in combination at
    such time or times, in installments or otherwise, as the
    Committee may deem appropriate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ll)&#160;<I>&#147;Restricted Stock Award&#148;</I> means an
    Award granted to a Participant under Section&#160;6(d) hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (mm)&#160;<I><FONT style="white-space: nowrap">&#147;Rule&#160;16b-3&#148;</FONT></I>
    means
    <FONT style="white-space: nowrap">Rule&#160;16b-3,</FONT>
    as from time to time in effect and applicable to the Plan and
    Participants, promulgated by the Securities and Exchange
    Commission under Section&#160;16 of the Exchange Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (nn)&#160;<I>&#147;Shareholder Approval Date&#148;</I> means the
    date on which this Plan is approved shareholders of the Company
    eligible to vote in the election of directors, by a vote
    sufficient to meet the requirements of Code Sections&#160;162(m)
    (if applicable) and 422,
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    under the Exchange Act (if applicable), applicable requirements
    under the rules of any stock exchange or automated quotation
    system on which the Shares may be listed on quoted, and other
    laws, regulations and obligations of the Company applicable to
    the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (oo)&#160;<I>&#147;Shares&#148;</I> means the shares of common
    stock of the Company, par value $.0001 per share, and such other
    securities as may be substituted (or resubstituted) for Shares
    pursuant to Section&#160;10(c) hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (pp)&#160;<I>&#147;Stock Appreciation Right&#148;</I> means a
    right granted to a Participant under Section&#160;6(c) hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (qq)&#160;<I>&#147;Subsidiary&#148;</I> means any corporation or
    other entity in which the Company has a direct or indirect
    ownership interest of 50% or more of the total combined voting
    power of the then outstanding securities or interests of such
    corporation or other entity entitled to vote generally in the
    election of directors or in which the Company has the right to
    receive 50% or more of the distribution of profits or 50% or
    more of the assets on liquidation or dissolution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (rr)&#160;<I>&#147;Substitute Awards&#148;</I> shall mean Awards
    granted or Shares issued by the Company in assumption of, or in
    substitution or exchange for, awards previously granted, or the
    right or obligation to make future awards, by a company acquired
    by the Company or any Related Entity or with which the Company
    or any Related Entity combines.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    3.&#160;<I>Administration</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;<I>Authority of the Committee.</I>&#160;&#160;The Plan
    shall be administered by the Committee, except to the extent the
    Board elects to administer the Plan, in which case the Plan
    shall be administered by only those directors who are
    Independent Directors, in which case references herein to the
    &#147;Committee&#148; shall be deemed to include references to
    the Independent members of the Board. The Committee shall have
    full and final authority, subject to and consistent with the
    provisions of the Plan, to select Eligible Persons to become
    Participants, grant Awards, determine the type, number and other
    terms and conditions of, and all other matters relating to,
    Awards, prescribe Award Agreements (which need not be identical
    for each Participant) and rules and regulations for the
    administration of the Plan, construe and interpret the Plan and
    Award Agreements and correct defects, supply omissions or
    reconcile
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    inconsistencies therein, and to make all other decisions and
    determinations as the Committee may deem necessary or advisable
    for the administration of the Plan. In exercising any discretion
    granted to the Committee under the Plan or pursuant to any
    Award, the Committee shall not be required to follow past
    practices, act in a manner consistent with past practices, or
    treat any Eligible Person or Participant in a manner consistent
    with the treatment of other Eligible Persons or Participants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;<I>Manner of Exercise of Committee
    Authority.</I>&#160;&#160;The Committee, and not the Board,
    shall exercise sole and exclusive discretion on any matter
    relating to a Participant then subject to Section&#160;16 of the
    Exchange Act with respect to the Company to the extent necessary
    in order that transactions by such Participant shall be exempt
    under
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    under the Exchange Act. Any action of the Committee shall be
    final, conclusive and binding on all persons, including the
    Company, its Related Entities, Participants, Beneficiaries,
    transferees under Section&#160;10(b) hereof or other persons
    claiming rights from or through a Participant, and shareholders.
    The express grant of any specific power to the Committee, and
    the taking of any action by the Committee, shall not be
    construed as limiting any power or authority of the Committee.
    The Committee may delegate to officers or managers of the
    Company or any Related Entity, or committees thereof, the
    authority, subject to such terms as the Committee shall
    determine, to perform such functions, including administrative
    functions as the Committee may determine to the extent that such
    delegation will not result in the loss of an exemption under
    <FONT style="white-space: nowrap">Rule&#160;16b-3(d)(1)</FONT>
    for Awards granted to Participants subject to Section&#160;16 of
    the Exchange Act in respect of the Company and will not cause
    Awards intended to qualify as &#147;performance-based
    compensation&#148; under Code Section&#160;162(m) to fail to so
    qualify. The Committee may appoint agents to assist it in
    administering the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;<I>Limitation of Liability.</I>&#160;&#160;The
    Committee and the Board, and each member thereof, shall be
    entitled to, in good faith, rely or act upon any report or other
    information furnished to him or her by any officer or Employee,
    the Company&#146;s independent auditors, Consultants or any
    other agents assisting in the administration of the Plan.
    Members of the Committee and the Board, and any officer or
    Employee acting at the direction or on behalf of the Committee
    or the Board, shall not be personally liable for any action or
    determination taken or made in good faith with respect to the
    Plan, and shall, to the extent permitted by law, be fully
    indemnified and protected by the Company with respect to any
    such action or determination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    4.&#160;<I>Shares&#160;Subject to Plan</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;<I>Limitation on Overall Number of
    Shares&#160;Available for Delivery Under
    Plan.</I>&#160;&#160;Subject to adjustment as provided in
    Section&#160;10(c) hereof, the total number of Shares reserved
    and available for delivery under the Plan shall be Two Million
    (2,000,000) shares of Common Stock. Any Shares delivered under
    the Plan may consist, in whole or in part, of authorized and
    unissued shares or treasury shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;<I>Application of Limitation to Grants of
    Award.</I>&#160;&#160;No Award may be granted if the number of
    Shares to be delivered in connection with such an Award or, in
    the case of an Award relating to Shares but settled only in cash
    (such as cash-only Stock Appreciation Rights), the number of
    Shares to which such Award relates, exceeds the number of Shares
    remaining available for delivery under the Plan, minus the
    number of Shares deliverable in settlement of or relating to
    then outstanding Awards. The Committee may adopt reasonable
    counting procedures to ensure appropriate counting, avoid double
    counting (as, for example, in the case of tandem or substitute
    awards) and make adjustments if the number of Shares actually
    delivered differs from the number of Shares previously counted
    in connection with an Award.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;<I>Availability of Shares&#160;Not Delivered under
    Awards and Adjustments to Limits</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;If any Shares subject to an Award are forfeited, expire
    or otherwise terminate without issuance of such Shares, or any
    Award is settled for cash or otherwise does not result in the
    issuance of all or a portion of the Shares subject to such
    Award, the Shares shall, to the extent of such forfeiture,
    expiration, termination, cash settlement or non-issuance, again
    be available for Awards under the Plan, subject to
    Section&#160;4(c)(iv) below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;In the event that any Option or other Award granted
    hereunder is exercised through the tendering of Shares (either
    actually or by attestation) or by the withholding of Shares by
    the Company, or withholding tax liabilities arising from such
    option or other award are satisfied by the tendering of Shares
    (either actually or by attestation) or by the withholding of
    Shares by the Company, then only the number of Shares issued net
    of the Shares tendered or
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    withheld shall be counted for purposes of determining the
    maximum number of Shares available for grant under the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;Substitute Awards shall not reduce the Shares
    authorized for grant under the Plan or authorized for grant to a
    Participant in any period. Additionally, in the event that a
    company acquired by the Company or any Related Entity or with
    which the Company or any Related Entity combines has shares
    available under a pre-existing plan approved by shareholders and
    not adopted in contemplation of such acquisition or combination,
    the shares available for delivery pursuant to the terms of such
    pre-existing plan (as adjusted, to the extent appropriate, using
    the exchange ratio or other adjustment or valuation ratio or
    formula used in such acquisition or combination to determine the
    consideration payable to the holders of common stock of the
    entities party to such acquisition or combination) may be used
    for Awards under the Plan and shall not reduce the Shares
    authorized for delivery under the Plan; provided that Awards
    using such available shares shall not be made after the date
    awards or grants could have been made under the terms of the
    pre-existing plan, absent the acquisition or combination, and
    shall only be made to individuals who were not Employees or
    Directors prior to such acquisition or combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iv)&#160;Any Shares that again become available for delivery
    pursuant to this Section&#160;4(c) shall be added back as one
    (1)&#160;Share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (v)&#160;Notwithstanding anything in this Section&#160;4(c) to
    the contrary but subject to adjustment as provided in
    Section&#160;10(c) hereof, the maximum aggregate number of
    Shares that may be delivered under the Plan as a result of the
    exercise of the Incentive Stock Options shall be Two Million
    (2,000,000) Shares.
    ]5.&#160;&#160;&#160;&#160;&#160;<I>Eligibility;
    <FONT style="white-space: nowrap">Per-Person</FONT>
    Award Limitations</I>. Awards may be granted under the Plan only
    to Eligible Persons. Subject to adjustment as provided in
    Section&#160;10(c), in any fiscal year of the Company during any
    part of which the Plan is in effect, no Participant may be
    granted (i)&#160;Options or Stock Appreciation Rights with
    respect to more than 500,000&#160;Shares or (ii)&#160;Restricted
    Stock, Deferred Stock, Performance Shares
    <FONT style="white-space: nowrap">and/or</FONT> Other
    Stock-Based Awards with respect to more than
    500,000&#160;Shares. In addition, the maximum dollar value
    payable to any one Participant with respect to Performance Units
    is (x)&#160;$2,500,000 with respect to any 12&#160;month
    Performance Period and (y)&#160;with respect to any Performance
    Period that is more than 12&#160;months, $5,000,000.]
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    6.&#160;<I>Specific Terms of Awards</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;<I>General.</I>&#160;&#160;Awards may be granted on the
    terms and conditions set forth in this Section&#160;6. In
    addition, the Committee may impose on any Award or the exercise
    thereof, at the date of grant or thereafter (subject to
    Section&#160;10(e)), such additional terms and conditions, not
    inconsistent with the provisions of the Plan, as the Committee
    shall determine, including terms requiring forfeiture of Awards
    in the event of termination of the Participant&#146;s Continuous
    Service and terms permitting a Participant to make elections
    relating to his or her Award. The Committee shall retain full
    power and discretion to accelerate, waive or modify, at any
    time, any term or condition of an Award that is not mandatory
    under the Plan. Except in cases in which the Committee is
    authorized to require other forms of consideration under the
    Plan, or to the extent other forms of consideration must be paid
    to satisfy the requirements of Delaware law, no consideration
    other than services may be required for the grant (but not the
    exercise) of any Award.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;<I>Options.</I>&#160;&#160;The Committee is authorized
    to grant Options to any Eligible Person on the following terms
    and conditions:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;<I>Exercise Price.</I>&#160;&#160;Other than in
    connection with Substitute Awards, the exercise price per Share
    purchasable under an Option shall be determined by the
    Committee, provided that such exercise price shall not be less
    than 100% of the Fair Market Value of a Share on the date of
    grant of the Option and shall not, in any event, be less than
    the par value of a Share on the date of grant of the Option. If
    an Employee owns or is deemed to own (by reason of the
    attribution rules applicable under Section&#160;424(d) of the
    Code) more than 10% of the combined voting power of all classes
    of stock of the Company (or any parent corporation or subsidiary
    corporation of the Company, as those terms are defined in
    Sections&#160;424(e) and (f)&#160;of the Code, respectively) and
    an Incentive Stock Option is granted to such Employee, the
    exercise price of such Incentive Stock Option (to the extent
    required by the Code at the time of grant) shall be no less than
    110% of the Fair Market Value a Share on the date such Incentive
    Stock Option is granted. Other than pursuant to
    Section&#160;10(c), the Committee shall not be permitted to
    (A)&#160;lower the exercise price per Share of an Option after
    it is granted, (B)&#160;cancel an
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Option when the exercise price per Share exceeds the Fair Market
    Value of the underlying Shares in exchange for another Award
    (other than in connection with Substitute Awards), or
    (C)&#160;take any other action with respect to an Option that
    may be treated as a repricing, without approval of the
    Company&#146;s shareholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;<I>Time and Method of Exercise.</I>&#160;&#160;The
    Committee shall determine the time or times at which or the
    circumstances under which an Option may be exercised in whole or
    in part (including based on achievement of performance goals
    <FONT style="white-space: nowrap">and/or</FONT>
    future service requirements), the time or times at which Options
    shall cease to be or become exercisable following termination of
    Continuous Service or upon other conditions, the methods by
    which the exercise price may be paid or deemed to be paid
    (including in the discretion of the Committee a cashless
    exercise procedure), the form of such payment, including,
    without limitation, cash, Shares, other Awards or awards granted
    under other plans of the Company or a Related Entity, or other
    property (including notes or other contractual obligations of
    Participants to make payment on a deferred basis provided that
    such deferred payments are not in violation of
    Section&#160;13(k) of the Exchange Act, or any rule or
    regulation adopted thereunder or any other applicable law), and
    the methods by or forms in which Shares will be delivered or
    deemed to be delivered to Participants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;<I>Incentive Stock Options.</I>&#160;&#160;The terms
    of any Incentive Stock Option granted under the Plan shall
    comply in all respects with the provisions of Section&#160;422
    of the Code. Anything in the Plan to the contrary
    notwithstanding, no term of the Plan relating to Incentive Stock
    Options (including any Stock Appreciation Right issued in tandem
    therewith) shall be interpreted, amended or altered, nor shall
    any discretion or authority granted under the Plan be exercised,
    so as to disqualify either the Plan or any Incentive Stock
    Option under Section&#160;422 of the Code, unless the
    Participant has first requested, or consents to, the change that
    will result in such disqualification. Thus, if and to the extent
    required to comply with Section&#160;422 of the Code, Options
    granted as Incentive Stock Options shall be subject to the
    following special terms and conditions:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (A)&#160;the Option shall not be exercisable more than ten years
    after the date such Incentive Stock Option is granted; provided,
    however, that if a Participant owns or is deemed to own (by
    reason of the attribution rules of Section&#160;424(d) of the
    Code) more than 10% of the combined voting power of all classes
    of stock of the Company (or any parent corporation or subsidiary
    corporation of the Company, as those terms are defined in
    Sections 424(e) and (f)&#160;of the Code, respectively) and the
    Incentive Stock Option is granted to such Participant, the term
    of the Incentive Stock Option shall be (to the extent required
    by the Code at the time of the grant) for no more than five
    years from the date of grant;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (B)&#160;The aggregate Fair Market Value (determined as of the
    date the Incentive Stock Option is granted) of the Shares with
    respect to which Incentive Stock Options granted under the Plan
    and all other option plans of the Company (and any parent
    corporation or subsidiary corporation of the Company, as those
    terms are defined in Sections&#160;424(e) and (f)&#160;of the
    Code, respectively) that become exercisable for the first time
    by the Participant during any calendar year shall not (to the
    extent required by the Code at the time of the grant) exceed
    $100,000.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;<I>Stock Appreciation Rights.</I>&#160;&#160;The
    Committee may grant Stock Appreciation Rights to any Eligible
    Person in conjunction with all or part of any Option granted
    under the Plan or at any subsequent time during the term of such
    Option (a &#147;Tandem Stock Appreciation Right&#148;), or
    without regard to any Option (a &#147;Freestanding Stock
    Appreciation Right&#148;), in each case upon such terms and
    conditions as the Committee may establish in its sole
    discretion, not inconsistent with the provisions of the Plan,
    including the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;<I>Right to Payment.</I>&#160;&#160;A Stock
    Appreciation Right shall confer on the Participant to whom it is
    granted a right to receive, upon exercise thereof, the excess of
    (A)&#160;the Fair Market Value of one Share on the date of
    exercise over (B)&#160;the grant price of the Stock Appreciation
    Right as determined by the Committee. The grant price of a Stock
    Appreciation Right shall not be less than 100% of the Fair
    Market Value of a Share on the date of grant, in the case of a
    Freestanding Stock Appreciation Right, or less than the
    associated Option exercise price, in the case of a Tandem Stock
    Appreciation Right. Other than pursuant to Section&#160;10(c),
    the Committee shall not be permitted to (A)&#160;lower the grant
    price per Share of a Stock Appreciation Right after it is
    granted, (B)&#160;cancel a Stock Appreciation Right when the
    grant price per Share exceeds the Fair Market Value of the
    underlying Shares in exchange for another Award (other than in
    connection with Substitute Awards), or
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (C)&#160;take any other action with respect to a Stock
    Appreciation Right that may be treated as a repricing, without
    shareholder approval.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;<I>Other Terms.</I>&#160;&#160;The Committee shall
    determine at the date of grant or thereafter, the time or times
    at which and the circumstances under which a Stock Appreciation
    Right may be exercised in whole or in part (including based on
    achievement of performance goals
    <FONT style="white-space: nowrap">and/or</FONT>
    future service requirements), the time or times at which Stock
    Appreciation Rights shall cease to be or become exercisable
    following termination of Continuous Service or upon other
    conditions, the method of exercise, method of settlement, form
    of consideration payable in settlement, method by or forms in
    which Shares will be delivered or deemed to be delivered to
    Participants, whether or not a Stock Appreciation Right shall be
    in tandem or in combination with any other Award, and any other
    terms and conditions of any Stock Appreciation Right.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;<I>Tandem Stock Appreciation
    Rights.</I>&#160;&#160;Any Tandem Stock Appreciation Right may
    be granted at the same time as the related Option is granted or,
    for Options that are not Incentive Stock Options, at any time
    thereafter before exercise or expiration of such Option. Any
    Tandem Stock Appreciation Right related to an Option may be
    exercised only when the related Option would be exercisable and
    the Fair Market Value of the Shares subject to the related
    Option exceeds the exercise price at which Shares can be
    acquired pursuant to the Option. In addition, if a Tandem Stock
    Appreciation Right exists with respect to less than the full
    number of Shares covered by a related Option, then an exercise
    or termination of such Option shall not reduce the number of
    Shares to which the Tandem Stock Appreciation Right applies
    until the number of Shares then exercisable under such Option
    equals the number of Shares to which the Tandem Stock
    Appreciation Right applies. Any Option related to a Tandem Stock
    Appreciation Right shall no longer be exercisable to the extent
    the Tandem Stock Appreciation Right has been exercised, and any
    Tandem Stock Appreciation Right shall no longer be exercisable
    to the extent the related Option has been exercised.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (d)&#160;<I>Restricted Stock Awards.</I>&#160;&#160;The
    Committee is authorized to grant Restricted Stock Awards to any
    Eligible Person on the following terms and conditions:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;<I>Grant and Restrictions.</I>&#160;&#160;Restricted
    Stock Awards shall be subject to such restrictions on
    transferability, risk of forfeiture and other restrictions, if
    any, as the Committee may impose, or as otherwise provided in
    this Plan, covering a period of time specified by the Committee
    (the &#147;Restriction Period&#148;). The terms of any
    Restricted Stock Award granted under the Plan shall be set forth
    in a written Award Agreement which shall contain provisions
    determined by the Committee and not inconsistent with the Plan.
    The restrictions may lapse separately or in combination at such
    times, under such circumstances (including based on achievement
    of performance goals
    <FONT style="white-space: nowrap">and/or</FONT>
    future service requirements), in such installments or otherwise,
    as the Committee may determine at the date of grant or
    thereafter. Except to the extent restricted under the terms of
    the Plan and any Award Agreement relating to a Restricted Stock
    Award, a Participant granted Restricted Stock shall have all of
    the rights of a shareholder, including the right to vote the
    Restricted Stock and the right to receive dividends thereon
    (subject to any mandatory reinvestment or other requirement
    imposed by the Committee). During the Restriction Period,
    subject to Section&#160;10(b) below and except as otherwise
    provided in the Award Agreement, the Restricted Stock may not be
    sold, transferred, pledged, hypothecated, margined or otherwise
    encumbered by the Participant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;<I>Forfeiture.</I>&#160;&#160;Except as otherwise
    determined by the Committee, upon termination of a
    Participant&#146;s Continuous Service during the applicable
    Restriction Period, the Participant&#146;s Restricted Stock that
    is at that time subject to a risk of forfeiture that has not
    lapsed or otherwise been satisfied shall be forfeited and
    reacquired by the Company; provided that the Committee may
    provide, by rule or regulation or in any Award Agreement, or may
    determine in any individual case, that forfeiture conditions
    relating to Restricted Stock Awards shall be waived in whole or
    in part in the event of terminations resulting from specified
    causes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;<I>Certificates for Stock.</I>&#160;&#160;Restricted
    Stock granted under the Plan may be evidenced in such manner as
    the Committee shall determine. If certificates representing
    Restricted Stock are registered in the name of the Participant,
    the Committee may require that such certificates bear an
    appropriate legend referring to the terms, conditions and
    restrictions applicable to such Restricted Stock, that the
    Company retain physical possession of the certificates, and that
    the Participant deliver a stock power to the Company, endorsed
    in blank, relating to the Restricted Stock.
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iv)&#160;<I>Dividends and Splits.</I>&#160;&#160;As a condition
    to the grant of a Restricted Stock Award, the Committee may
    require or permit a Participant to elect that any cash dividends
    paid on a Share of Restricted Stock be automatically reinvested
    in additional Shares of Restricted Stock or applied to the
    purchase of additional Awards under the Plan. Unless otherwise
    determined by the Committee, Shares distributed in connection
    with a stock split or stock dividend, and other property
    distributed as a dividend, shall be subject to restrictions and
    a risk of forfeiture to the same extent as the Restricted Stock
    with respect to which such Shares or other property have been
    distributed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (e)&#160;<I>Deferred Stock Award.</I>&#160;&#160;The Committee
    is authorized to grant Deferred Stock Awards to any Eligible
    Person on the following terms and conditions:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;<I>Award and Restrictions.</I>&#160;&#160;Satisfaction
    of a Deferred Stock Award shall occur upon expiration of the
    deferral period specified for such Deferred Stock Award by the
    Committee (or, if permitted by the Committee, as elected by the
    Participant). In addition, a Deferred Stock Award shall be
    subject to such restrictions (which may include a risk of
    forfeiture) as the Committee may impose, if any, which
    restrictions may lapse at the expiration of the deferral period
    or at earlier specified times (including based on achievement of
    performance goals
    <FONT style="white-space: nowrap">and/or</FONT>
    future service requirements), separately or in combination, in
    installments or otherwise, as the Committee may determine. A
    Deferred Stock Award may be satisfied by delivery of Shares,
    cash equal to the Fair Market Value of the specified number of
    Shares covered by the Deferred Stock, or a combination thereof,
    as determined by the Committee at the date of grant or
    thereafter. Prior to satisfaction of a Deferred Stock Award, a
    Deferred Stock Award carries no voting or dividend or other
    rights associated with Share ownership.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;<I>Forfeiture.</I>&#160;&#160;Except as otherwise
    determined by the Committee, upon termination of a
    Participant&#146;s Continuous Service during the applicable
    deferral period or portion thereof to which forfeiture
    conditions apply (as provided in the Award Agreement evidencing
    the Deferred Stock Award), the Participant&#146;s Deferred Stock
    Award that is at that time subject to a risk of forfeiture that
    has not lapsed or otherwise been satisfied shall be forfeited;
    provided that the Committee may provide, by rule or regulation
    or in any Award Agreement, or may determine in any individual
    case, that forfeiture conditions relating to a Deferred Stock
    Award shall be waived in whole or in part in the event of
    terminations resulting from specified causes, and the Committee
    may in other cases waive in whole or in part the forfeiture of
    any Deferred Stock Award.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;<I>Dividend Equivalents.</I>&#160;&#160;Unless
    otherwise determined by the Committee at date of grant, any
    Dividend Equivalents that are granted with respect to any
    Deferred Stock Award shall be either (A)&#160;paid with respect
    to such Deferred Stock Award at the dividend payment date in
    cash or in Shares of unrestricted stock having a Fair Market
    Value equal to the amount of such dividends, or
    (B)&#160;deferred with respect to such Deferred Stock Award and
    the amount or value thereof automatically deemed reinvested in
    additional Deferred Stock, other Awards or other investment
    vehicles, as the Committee shall determine or permit the
    Participant to elect. The applicable Award Agreement shall
    specify whether any Dividend Equivalents shall be paid at the
    dividend payment date, deferred or deferred at the election of
    the Participant. If the Participant may elect to defer the
    Dividend Equivalents, such election shall be made within
    30&#160;days after the grant date of the Deferred Stock Award,
    but in no event later than 12&#160;months before the first date
    on which any portion of such Deferred Stock Award vests.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (f)&#160;<I>Bonus Stock and Awards in Lieu of
    Obligations.</I>&#160;&#160;The Committee is authorized to grant
    Shares to any Eligible Persons as a bonus, or to grant Shares or
    other Awards in lieu of obligations to pay cash or deliver other
    property under the Plan or under other plans or compensatory
    arrangements, provided that, in the case of Eligible Persons
    subject to Section&#160;16 of the Exchange Act, the amount of
    such grants remains within the discretion of the Committee to
    the extent necessary to ensure that acquisitions of Shares or
    other Awards are exempt from liability under Section&#160;16(b)
    of the Exchange Act. Shares or Awards granted hereunder shall be
    subject to such other terms as shall be determined by the
    Committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (g)&#160;<I>Dividend Equivalents.</I>&#160;&#160;The Committee
    is authorized to grant Dividend Equivalents to any Eligible
    Person entitling the Eligible Person to receive cash, Shares,
    other Awards, or other property equal in value to the dividends
    paid with respect to a specified number of Shares, or other
    periodic payments. Dividend Equivalents may be awarded on a
    free-standing basis or in connection with another Award. The
    Committee may provide that Dividend Equivalents shall be paid or
    distributed when accrued or shall be deemed to have been
    reinvested in
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    additional Shares, Awards, or other investment vehicles, and
    subject to such restrictions on transferability and risks of
    forfeiture, as the Committee may specify. Any such determination
    by the Committee shall be made at the grant date of the
    applicable Award.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (h)&#160;<I>Performance Awards.</I>&#160;&#160;The Committee is
    authorized to grant Performance Awards to any Eligible Person
    payable in cash, Shares, or other Awards, on terms and
    conditions established by the Committee, subject to the
    provisions of Section&#160;8 if and to the extent that the
    Committee shall, in its sole discretion, determine that an Award
    shall be subject to those provisions. The performance criteria
    to be achieved during any Performance Period and the length of
    the Performance Period shall be determined by the Committee upon
    the grant of each Performance Award; provided, however, that a
    Performance Period shall not be shorter than 12&#160;months nor
    longer than three years. Except as provided in Section&#160;9 or
    as may be provided in an Award Agreement, Performance Awards
    will be distributed only after the end of the relevant
    Performance Period. The performance goals to be achieved for
    each Performance Period shall be conclusively determined by the
    Committee and may be based upon the criteria set forth in
    Section&#160;8(b), or in the case of an Award that the Committee
    determines shall not be subject to Section&#160;8 hereof, any
    other criteria that the Committee, in its sole discretion, shall
    determine should be used for that purpose. The amount of the
    Award to be distributed shall be conclusively determined by the
    Committee. Performance Awards may be paid in a lump sum or in
    installments following the close of the Performance Period or,
    in accordance with procedures established by the Committee, on a
    deferred basis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;<I>Other Stock-Based Awards.</I>&#160;&#160;The
    Committee is authorized, subject to limitations under applicable
    law, to grant to any Eligible Person such other Awards that may
    be denominated or payable in, valued in whole or in part by
    reference to, or otherwise based on, or related to, Shares, as
    deemed by the Committee to be consistent with the purposes of
    the Plan. Other Stock-Based Awards may be granted to
    Participants either alone or in addition to other Awards granted
    under the Plan, and such Other Stock-Based Awards shall also be
    available as a form of payment in the settlement of other Awards
    granted under the Plan. The Committee shall determine the terms
    and conditions of such Awards. Shares delivered pursuant to an
    Award in the nature of a purchase right granted under this
    Section&#160;6(i) shall be purchased for such consideration,
    (including without limitation loans from the Company or a
    Related Entity provided that such loans are not in violation of
    the Sarbanes Oxley Act of 2002, or any rule or regulation
    adopted thereunder or any other applicable law) paid for at such
    times, by such methods, and in such forms, including, without
    limitation, cash, Shares, other Awards or other property, as the
    Committee shall determine.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    7.&#160;<I>Certain Provisions Applicable to Awards</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;<I>Stand-Alone, Additional, Tandem, and Substitute
    Awards.</I>&#160;&#160;Awards granted under the Plan may, in the
    discretion of the Committee, be granted either alone or in
    addition to, in tandem with, or in substitution or exchange for,
    any other Award or any award granted under another plan of the
    Company, any Related Entity, or any business entity to be
    acquired by the Company or a Related Entity, or any other right
    of a Participant to receive payment from the Company or any
    Related Entity. Such additional, tandem, and substitute or
    exchange Awards may be granted at any time. If an Award is
    granted in substitution or exchange for another Award or award,
    the Committee shall require the surrender of such other Award or
    award in consideration for the grant of the new Award. In
    addition, Awards may be granted in lieu of cash compensation,
    including in lieu of cash amounts payable under other plans of
    the Company or any Related Entity, in which the value of Shares
    subject to the Award is equivalent in value to the cash
    compensation (for example, Deferred Stock or Restricted Stock),
    or in which the exercise price, grant price or purchase price of
    the Award in the nature of a right that may be exercised is
    equal to the Fair Market Value of the underlying Shares minus
    the value of the cash compensation surrendered (for example,
    Options or Stock Appreciation Right granted with an exercise
    price or grant price &#147;discounted&#148; by the amount of the
    cash compensation surrendered), provided that any such
    determination to grant an Award in lieu of cash compensation
    must be made in compliance with Section&#160;409A of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;<I>Term of Awards.</I>&#160;&#160;The term of each
    Award shall be for such period as may be determined by the
    Committee; provided that in no event shall the term of any
    Option or Stock Appreciation Right exceed a period of ten years
    (or in the case of an Incentive Stock Option such shorter term
    as may be required under Section&#160;422 of the Code).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;<I>Form and Timing of Payment Under Awards;
    Deferrals.</I>&#160;&#160;Subject to the terms of the Plan and
    any applicable Award Agreement, payments to be made by the
    Company or a Related Entity upon the exercise of an
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Option or other Award or settlement of an Award may be made in
    such forms as the Committee shall determine, including, without
    limitation, cash, Shares, other Awards or other property, and
    may be made in a single payment or transfer, in installments, or
    on a deferred basis, provided that any determination to pay in
    installments or on a deferred basis shall be made by the
    Committee at the date of grant. Any installment or deferral
    provided for in the preceding sentence shall, however, be
    subject to the Company&#146;s compliance with all applicable
    laws, the provisions of the Sarbanes-Oxley Act of 2002, the
    rules and regulations adopted by the Securities and Exchange
    Commission thereunder, and all applicable rules of the OTC
    Bulletin&#160;Board or any national securities exchange on which
    the Company&#146;s securities are listed for trading and, if not
    listed for trading on either the OTC Bulletin&#160;Board or a
    national securities exchange, then the rules of the Nasdaq Stock
    Market, and in a manner intended to be exempt from or otherwise
    comply with the requirements of Section&#160;409A of the Code.
    Subject to Section&#160;7(e) hereof, the settlement of any Award
    may be accelerated, and cash paid in lieu of Shares in
    connection with such settlement, in the sole discretion of the
    Committee or upon occurrence of one or more specified events (in
    addition to a Change in Control). Any such settlement shall be
    at a value determined by the Committee in its sole discretion,
    which, without limitation, may in the case of an Option or Stock
    Appreciation Right be limited to the amount if any by which the
    Fair Market Value of a Share on the settlement date exceeds the
    exercise or grant price. Installment or deferred payments may be
    required by the Committee (subject to Section&#160;7(e) of the
    Plan, including the consent provisions thereof in the case of
    any deferral of an outstanding Award not provided for in the
    original Award Agreement) or permitted at the election of the
    Participant on terms and conditions established by the
    Committee. The Committee may, without limitation, make
    provisions for the payment or crediting of a reasonable interest
    rate on installment or deferred payments or the grant or
    crediting of Dividend Equivalents or other amounts in respect of
    installment or deferred payments denominated in Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (d)&#160;<I>Exemptions from Section&#160;16(b)
    Liability.</I>&#160;&#160;It is the intent of the Company that
    the grant of any Awards to or other transaction by a Participant
    who is subject to Section&#160;16 of the Exchange Act shall be
    exempt from Section&#160;16 pursuant to an applicable exemption
    (except for transactions acknowledged in writing to be
    non-exempt by such Participant). Accordingly, if any provision
    of this Plan or any Award Agreement does not comply with the
    requirements of
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    then applicable to any such transaction, such provision shall be
    construed or deemed amended to the extent necessary to conform
    to the applicable requirements of
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    so that such Participant shall avoid liability under
    Section&#160;16(b).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (e)&#160;<I>Code Section&#160;409A</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;The Award Agreement for any Award that the Committee
    reasonably determines to constitute a Section&#160;409A Plan,
    and the provisions of the Plan applicable to that Award, shall
    be construed in a manner consistent with the applicable
    requirements of Section&#160;409A, and the Committee, in its
    sole discretion and without the consent of any Participant, may
    amend any Award Agreement (and the provisions of the Plan
    applicable thereto) if and to the extent that the Committee
    determines that such amendment is necessary or appropriate to
    comply with the requirements of Section&#160;409A of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;If any Award constitutes a &#147;nonqualified deferred
    compensation plan&#148; under Section&#160;409A of the Code (a
    &#147;Section&#160;409A Plan&#148;), then the Award shall be
    subject to the following additional requirements, if and to the
    extent required to comply with Section&#160;409A of the Code:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (A)&#160;Payments under the Section&#160;409A Plan may not be
    made earlier than the first to occur of (u)&#160;the
    Participant&#146;s &#147;separation from service&#148;,
    (v)&#160;the date the Participant becomes &#147;disabled&#148;,
    (w)&#160;the Participant&#146;s death, (x)&#160;a
    &#147;specified time (or pursuant to a fixed schedule)&#148;
    specified in the Award Agreement at the date of the deferral of
    such compensation, (y)&#160;a &#147;change in the ownership or
    effective control of the corporation, or in the ownership of a
    substantial portion of the assets&#148; of the Company, or
    (z)&#160;the occurrence of an &#147;unforeseeble emergency&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (B)&#160;The time or schedule for any payment of the deferred
    compensation may not be accelerated, except to the extent
    provided in applicable Treasury Regulations or other applicable
    guidance issued by the Internal Revenue Service;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (C)&#160;Any elections with respect to the deferral of such
    compensation or the time and form of distribution of such
    deferred compensation shall comply with the requirements of
    Section&#160;409A(a)(4) of the Code;&#160;and
</DIV>
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (D)&#160;In the case of any Participant who is &#147;specified
    employee&#148;, a distribution on account of a &#147;separation
    from service&#148; may not be made before the date which is six
    months after the date of the Participant&#146;s &#147;separation
    from service&#148; (or, if earlier, the date of the
    Participant&#146;s death).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    For purposes of the foregoing, the terms in quotations shall
    have the same meanings as those terms have for purposes of
    Section&#160;409A of the Code, and the limitations set forth
    herein shall be applied in such manner (and only to the extent)
    as shall be necessary to comply with any requirements of
    Section&#160;409A of the Code that are applicable to the Award.
    The Company does not make any representation to the Participant
    that any Awards awarded under this Plan will be exempt from, or
    satisfy, the requirements of Section&#160;409A, and the Company
    shall have no liability or other obligation to indemnify or hold
    harmless any Participant or Beneficiary for any tax, additional
    tax, interest or penalties that any Participant or Beneficiary
    may incur in the event that any provision of this Plan, any
    Award Agreement, or any amendment or modification thereof, or
    any other action taken with respect thereto, is deemed to
    violate any of the requirements of Section&#160;409A.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;Notwithstanding the foregoing, the Company does not
    make any representation to any Participant or Beneficiary that
    any Awards made pursuant to this Plan are exempt from, or
    satisfy, the requirements of Section&#160;409A, and the Company
    shall have no liability or other obligation to indemnify or hold
    harmless the Participant or any Beneficiary for any tax,
    additional tax, interest or penalties that the Participant or
    any Beneficiary may incur in the event that any provision of
    this Plan, or any Award Agreement, or any amendment or
    modification thereof, or any other action taken with respect
    thereto, is deemed to violate any of the requirements of
    Section&#160;409A.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    8.&#160;<I>Code Section&#160;162(m) Provisions</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;<I>Covered Employees.</I>&#160;&#160;Unless otherwise
    specified by the Committee, the provisions of this
    Section&#160;8 shall be applicable to any Performance Award
    granted to an Eligible Person who is, or is likely to be, as of
    the end of the tax year in which the Company would claim a tax
    deduction in connection with such Award, a Covered Employee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;<I>Performance Criteria.</I>&#160;&#160;If a
    Performance Award is subject to this Section&#160;8, then the
    payment or distribution thereof or the lapsing of restrictions
    thereon and the distribution of cash, Shares or other property
    pursuant thereto, as applicable, shall be contingent upon
    achievement of one or more objective performance goals.
    Performance goals shall be objective and shall otherwise meet
    the requirements of Section&#160;162(m) of the Code and
    regulations thereunder including the requirement that the level
    or levels of performance targeted by the Committee result in the
    achievement of performance goals being &#147;substantially
    uncertain.&#148; One or more of the following business criteria
    for the Company, on a consolidated basis,
    <FONT style="white-space: nowrap">and/or</FONT> for
    Related Entities, or for business or geographical units of the
    Company
    <FONT style="white-space: nowrap">and/or</FONT> a
    Related Entity (except with respect to the total shareholder
    return and earnings per share criteria), shall be used by the
    Committee in establishing performance goals for such Awards:
    (1)&#160;earnings per share; (2)&#160;revenues or margins;
    (3)&#160;cash flow; (4)&#160;operating margin; (5)&#160;return
    on net assets, investment, capital, or equity; (6)&#160;economic
    value added; (7)&#160;direct contribution; (8)&#160;net income;
    pretax earnings; earnings before interest and taxes; earnings
    before interest, taxes, depreciation and amortization; earnings
    after interest expense and before extraordinary or special
    items; operating income or income from operations; income before
    interest income or expense, unusual items and income taxes,
    local, state or federal and excluding budgeted and actual
    bonuses which might be paid under any ongoing bonus plans of the
    Company; (9)&#160;working capital; (10)&#160;management of fixed
    costs or variable costs; (11)&#160;identification or
    consummation of investment opportunities or completion of
    specified projects in accordance with corporate business plans,
    including strategic mergers, acquisitions or divestitures;
    (12)&#160;total shareholder return; (13)&#160;debt reduction;
    (14)&#160;market share; (15)&#160;entry into new markets, either
    geographically or by business unit; (16)&#160;customer retention
    and satisfaction; (17)&#160;strategic plan development and
    implementation, including turnaround plans;
    <FONT style="white-space: nowrap">and/or</FONT>
    (18)&#160;the Fair Market Value of a Share. Any of the above
    goals may be determined on an absolute or relative basis or as
    compared to the performance of a published or special index
    deemed applicable by the Committee including, but not limited
    to, the Standard&#160;&#038; Poor&#146;s 500 Stock Index or a
    group of companies that are comparable to the Company. In
    determining the achievement of the performance goals, the
    Committee shall exclude the impact of any
    (i)&#160;restructurings, discontinued operations, extraordinary
    items, and other unusual or non-recurring charges,
    (ii)&#160;event either not directly related to the operations of
    the Company or not within the reasonable control of the
    Company&#146;s management, or (iii)&#160;change in accounting
    standards required by generally accepted accounting principles.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;<I>Performance Period; Timing For Establishing
    Performance Goals.</I>&#160;&#160;Achievement of performance
    goals in respect of such Performance Awards shall be measured
    over a Performance Period no shorter than 12&#160;months and no
    longer than three years, as specified by the Committee.
    Performance goals shall be established not later than
    90&#160;days after the beginning of any Performance Period
    applicable to such Performance Awards, or at such other date as
    may be required or permitted for &#147;performance-based
    compensation&#148; under Code Section&#160;162(m).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (d)&#160;<I>Adjustments.</I>&#160;&#160;The Committee may, in
    its discretion, reduce the amount of a settlement otherwise to
    be made in connection with Awards subject to this
    Section&#160;8, but may not exercise discretion to increase any
    such amount payable to a Covered Employee in respect of an Award
    subject to this Section&#160;8. The Committee shall specify the
    circumstances in which such Awards shall be paid or forfeited in
    the event of termination of Continuous Service by the
    Participant prior to the end of a Performance Period or
    settlement of Awards.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (e)&#160;<I>Committee Certification.</I>&#160;&#160;No
    Participant shall receive any payment under the Plan that is
    subject to this Section&#160;8 unless the Committee has
    certified, by resolution or other appropriate action in writing,
    that the performance criteria and any other material terms
    previously established by the Committee or set forth in the
    Plan, have been satisfied to the extent necessary to qualify as
    &#147;performance based compensation&#148; under Code
    Section&#160;162(m).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    9.&#160;<I>Change in Control</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;<I>Effect of &#147;Change in
    Control.&#148;</I>&#160;&#160;If and only to the extent provided
    in the Award Agreement, or to the extent otherwise determined by
    the Committee, upon the occurrence of a &#147;Change in
    Control,&#148; as defined in Section&#160;9(b):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;Any Option or Stock Appreciation Right that was not
    previously vested and exercisable as of the time of the Change
    in Control, shall become immediately vested and exercisable,
    subject to applicable restrictions set forth in
    Section&#160;10(a) hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;Any restrictions, deferral of settlement, and
    forfeiture conditions applicable to a Restricted Stock Award,
    Deferred Stock Award or an Other Stock-Based Award subject only
    to future service requirements granted under the Plan shall
    lapse and such Awards shall be deemed fully vested as of the
    time of the Change in Control, except to the extent of any
    waiver by the Participant and subject to applicable restrictions
    set forth in Section&#160;10(a) hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;With respect to any outstanding Award subject to
    achievement of performance goals and conditions under the Plan,
    the Committee may, in its discretion, deem such performance
    goals and conditions as having been met as of the date of the
    Change in Control.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;<I>Definition of &#147;Change in
    Control&#148;.</I>&#160;&#160;Unless otherwise specified in any
    employment agreement between the Participant and the Company or
    any Related Entity, or in an Award Agreement, a &#147;Change in
    Control&#148; shall mean the occurrence of any of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;The acquisition by any Person of Beneficial Ownership
    (within the meaning of
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    promulgated under the Exchange Act) of more than fifty percent
    (50%) of either (A)&#160;the then outstanding shares of common
    stock of the Company (the &#147;Outstanding Company Common
    Stock&#148;) or (B)&#160;the combined voting power of the then
    outstanding voting securities of the Company entitled to vote
    generally in the election of directors (the &#147;Outstanding
    Company Voting Securities) (the foregoing Beneficial Ownership
    hereinafter being referred to as a &#147;Controlling
    Interest&#148;); provided, however, that for purposes of this
    Section&#160;9(b), the following acquisitions shall not
    constitute or result in a Change of Control: (v)&#160;any
    acquisition directly from the Company; (w)&#160;any acquisition
    by the Company; (x)&#160;any acquisition by any Person that as
    of the Effective Date owns Beneficial Ownership of a Controlling
    Interest; (y)&#160;any acquisition by any employee benefit plan
    (or related trust) sponsored or maintained by the Company or any
    Subsidiary; or (z)&#160;any acquisition by any corporation
    pursuant to a transaction which complies with clauses (A),
    (B)&#160;and (C)&#160;of subsection&#160;(iii) below;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;During any period of two (2)&#160;consecutive years
    (not including any period prior to the Effective Date)
    individuals who constitute the Board on the Effective Date (the
    &#147;Incumbent Board&#148;) cease for any reason to constitute
    at least a majority of the Board; provided, however, that any
    individual becoming a director subsequent to the Effective Date
    whose election, or nomination for election by the Company&#146;s
    shareholders,
</DIV>
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    was approved by a vote of at least a majority of the directors
    then comprising the Incumbent Board shall be considered as
    though such individual were a member of the Incumbent Board, but
    excluding, for this purpose, any such individual whose initial
    assumption of office occurs as a result of an actual or
    threatened election contest with respect to the election or
    removal of directors or other actual or threatened solicitation
    of proxies or consents by or on behalf of a Person other than
    the Board;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;Consummation of a reorganization, merger, statutory
    share exchange or consolidation or similar corporate transaction
    involving the Company or any of its Subsidiaries, a sale or
    other disposition of all or substantially all of the assets of
    the Company, or the acquisition of assets or stock of another
    entity by the Company or any of its Subsidiaries (each a
    &#147;Business Combination&#148;), in each case, unless,
    following such Business Combination, (A)&#160;all or
    substantially all of the individuals and entities who were the
    Beneficial Owners, respectively, of the Outstanding Company
    Common Stock and Outstanding Company Voting Securities
    immediately prior to such Business Combination beneficially own,
    directly or indirectly, more than fifty percent (50%) of the
    then outstanding shares of common stock and the combined voting
    power of the then outstanding voting securities entitled to vote
    generally in the election of directors, as the case may be, of
    the corporation resulting from such Business Combination
    (including, without limitation, a corporation which as a result
    of such transaction owns the Company or all or substantially all
    of the Company&#146;s assets either directly or through one or
    more subsidiaries) in substantially the same proportions as
    their ownership, immediately prior to such Business Combination
    of the Outstanding Company Common Stock and Outstanding Company
    Voting Securities, as the case may be, (B)&#160;no Person
    (excluding any employee benefit plan (or related trust) of the
    Company or such corporation resulting from such Business
    Combination or any Person that as of the Effective Date owns
    Beneficial Ownership of a Controlling Interest) beneficially
    owns, directly or indirectly, fifty percent (50%) or more of the
    then outstanding shares of common stock of the corporation
    resulting from such Business Combination or the combined voting
    power of the then outstanding voting securities of such
    corporation except to the extent that such ownership existed
    prior to the Business Combination and (C)&#160;at least a
    majority of the members of the Board of Directors of the
    corporation resulting from such Business Combination were
    members of the Incumbent Board at the time of the execution of
    the initial agreement, or of the action of the Board, providing
    for such Business Combination;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iv)&#160;Approval by the shareholders of the Company of a
    complete liquidation or dissolution of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    10.&#160;<I>General Provisions</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (a)&#160;<I>Compliance With Legal and Other
    Requirements.</I>&#160;&#160;The Company may, to the extent
    deemed necessary or advisable by the Committee, postpone the
    issuance or delivery of Shares or payment of other benefits
    under any Award until completion of such registration or
    qualification of such Shares or other required action under any
    federal or state law, rule or regulation, listing or other
    required action with respect to any stock exchange or automated
    quotation system upon which the Shares or other Company
    securities are listed or quoted, or compliance with any other
    obligation of the Company, as the Committee, may consider
    appropriate, and may require any Participant to make such
    representations, furnish such information and comply with or be
    subject to such other conditions as it may consider appropriate
    in connection with the issuance or delivery of Shares or payment
    of other benefits in compliance with applicable laws, rules, and
    regulations, listing requirements, or other obligations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (b)&#160;<I>Limits on Transferability;
    Beneficiaries.</I>&#160;&#160;No Award or other right or
    interest granted under the Plan shall be pledged, hypothecated
    or otherwise encumbered or subject to any lien, obligation or
    liability of such Participant to any party, or assigned or
    transferred by such Participant otherwise than by will or the
    laws of descent and distribution or to a Beneficiary upon the
    death of a Participant, and such Awards or rights that may be
    exercisable shall be exercised during the lifetime of the
    Participant only by the Participant or his or her guardian or
    legal representative, except that Awards and other rights (other
    than Incentive Stock Options and Stock Appreciation Rights in
    tandem therewith) may be transferred to one or more
    Beneficiaries or other transferees during the lifetime of the
    Participant, and may be exercised by such transferees in
    accordance with the terms of such Award, but only if and to the
    extent such transfers are permitted by the Committee pursuant to
    the express terms of an Award Agreement (subject to any terms
    and conditions which the Committee may impose thereon). A
    Beneficiary, transferee, or other person claiming any rights
    under the Plan from or through any Participant shall be subject
    to all
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    terms and conditions of the Plan and any Award Agreement
    applicable to such Participant, except as otherwise determined
    by the Committee, and to any additional terms and conditions
    deemed necessary or appropriate by the Committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (c)&#160;<I>Adjustments</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;<I>Adjustments to Awards.</I>&#160;&#160;In the event
    that any extraordinary dividend or other distribution (whether
    in the form of cash, Shares, or other property),
    recapitalization, forward or reverse split, reorganization,
    merger, consolidation, spin-off, combination, repurchase, share
    exchange, liquidation, dissolution or other similar corporate
    transaction or event affects the Shares
    <FONT style="white-space: nowrap">and/or</FONT> such
    other securities of the Company or any other issuer such that a
    substitution, exchange, or adjustment is determined by the
    Committee to be appropriate, then the Committee shall, in such
    manner as it may deem equitable, substitute, exchange or adjust
    any or all of (A)&#160;the number and kind of Shares which may
    be delivered in connection with Awards granted thereafter,
    (B)&#160;the number and kind of Shares by which annual
    per-person Award limitations are measured under Section&#160;5
    hereof, (C)&#160;the number and kind of Shares subject to or
    deliverable in respect of outstanding Awards, (D)&#160;the
    exercise price, grant price or purchase price relating to any
    Award <FONT style="white-space: nowrap">and/or</FONT>
    make provision for payment of cash or other property in respect
    of any outstanding Award, and (E)&#160;any other aspect of any
    Award that the Committee determines to be appropriate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (ii)&#160;<I>Adjustments in Case of Certain Corporate
    Transactions</I>.&#160;&#160;In the event of any merger,
    consolidation or other reorganization in which the Company does
    not survive, or in the event of any Change in Control, any
    outstanding Awards may be dealt with in accordance with any of
    the following approaches, without the requirement of obtaining
    any consent or agreement of a Participant as such,as determined
    by the agreement effectuating the transaction or, if and to the
    extent not so determined, as determined by the Committee:
    (a)&#160;the continuation of the outstanding Awards by the
    Company, if the Company is a surviving corporation, (b)&#160;the
    assumption or substitution for, as those terms are defined in
    Section&#160;9(b)(iv) hereof, the outstanding Awards by the
    surviving corporation or its parent or subsidiary, (c)&#160;full
    exercisability or vesting and accelerated expiration of the
    outstanding Awards, or (d)&#160;settlement of the value of the
    outstanding Awards in cash or cash equivalents or other property
    followed by cancellation of such Awards (which value, in the
    case of Options or Stock Appreciation Rights, shall be measured
    by the amount, if any, by which the Fair Market Value of a Share
    exceeds the exercise or grant price of the Option or Stock
    Appreciation Right as of the effective date of the transaction).
    The Committee shall give written notice of any proposed
    transaction referred to in this Section&#160;10(c)(ii) a
    reasonable period of time prior to the closing date for such
    transaction (which notice may be given either before or after
    the approval of such transaction), in order that Participants
    may have a reasonable period of time prior to the closing date
    of such transaction within which to exercise any Awards that are
    then exercisable (including any Awards that may become
    exercisable upon the closing date of such transaction). A
    Participant may condition his exercise of any Awards upon the
    consummation of the transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (iii)&#160;<I>Other Adjustments</I>.&#160;&#160;The Committee
    (and the Board if and only to the extent such authority is not
    required to be exercised by the Committee to comply with
    Section&#160;162(m) of the Code) is authorized to make
    adjustments in the terms and conditions of, and the criteria
    included in, Awards (including Performance Awards, or
    performance goals relating thereto) in recognition of unusual or
    nonrecurring events (including, without limitation, acquisitions
    and dispositions of businesses and assets) affecting the
    Company, any Related Entity or any business unit, or the
    financial statements of the Company or any Related Entity, or in
    response to changes in applicable laws, regulations, accounting
    principles, tax rates and regulations or business conditions or
    in view of the Committee&#146;s assessment of the business
    strategy of the Company, any Related Entity or business unit
    thereof, performance of comparable organizations, economic and
    business conditions, personal performance of a Participant, and
    any other circumstances deemed relevant, provided that no such
    adjustment shall be authorized or made if and to the extent that
    such authority or the making of such adjustment would cause
    Options, Stock Appreciation Rights, Performance Awards granted
    pursuant to Section&#160;8(b) hereof to Participants designated
    by the Committee as Covered Employees and intended to qualify as
    &#147;performance-based compensation&#148; under Code
    Section&#160;162(m) and the regulations thereunder to otherwise
    fail to qualify as &#147;performance-based compensation&#148;
    under Code Section&#160;162(m) and regulations thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (d)&#160;<I>Taxes.</I>&#160;&#160;The Company and any Related
    Entity are authorized to withhold from any Award granted, any
    payment relating to an Award under the Plan, including from a
    distribution of Shares, or any payroll or other
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    payment to a Participant, amounts of withholding and other taxes
    due or potentially payable in connection with any transaction
    involving an Award, and to take such other action as the
    Committee may deem advisable to enable the Company or any
    Related Entity and Participants to satisfy obligations for the
    payment of withholding taxes and other tax obligations relating
    to any Award. This authority shall include authority to withhold
    or receive Shares or other property and to make cash payments in
    respect thereof in satisfaction of a Participant&#146;s tax
    obligations, either on a mandatory or elective basis in the
    discretion of the Committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (e)&#160;<I>Changes to the Plan and Awards.</I>&#160;&#160;The
    Board may amend, alter, suspend, discontinue or terminate the
    Plan, or the Committee&#146;s authority to grant Awards under
    the Plan, without the consent of shareholders or Participants,
    except that any amendment or alteration to the Plan shall be
    subject to the approval of the Company&#146;s shareholders not
    later than the annual meeting next following such Board action
    if such shareholder approval is required by any federal or state
    law or regulation (including, without limitation,
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    or Code Section&#160;162(m)) or the rules of any stock exchange
    or automated quotation system on which the Shares may then be
    listed or quoted, and the Board may otherwise, in its
    discretion, determine to submit other such changes to the Plan
    to shareholders for approval; provided that, without the consent
    of an affected Participant, no such Board action may materially
    and adversely affect the rights of such Participant under any
    previously granted and outstanding Award. The Committee may
    waive any conditions or rights under, or amend, alter, suspend,
    discontinue or terminate any Award theretofore granted and any
    Award Agreement relating thereto, except as otherwise provided
    in the Plan; provided that, without the consent of an affected
    Participant, no such Committee or the Board action may
    materially and adversely affect the rights of such Participant
    under such Award.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (f)&#160;<I>Limitation on Rights Conferred Under
    Plan.</I>&#160;&#160;Neither the Plan nor any action taken
    hereunder or under any Award shall be construed as
    (i)&#160;giving any Eligible Person or Participant the right to
    continue as an Eligible Person or Participant or in the employ
    or service of the Company or a Related Entity;
    (ii)&#160;interfering in any way with the right of the Company
    or a Related Entity to terminate any Eligible Person&#146;s or
    Participant&#146;s Continuous Service at any time,
    (iii)&#160;giving an Eligible Person or Participant any claim to
    be granted any Award under the Plan or to be treated uniformly
    with other Participants and Employees, or (iv)&#160;conferring
    on a Participant any of the rights of a shareholder of the
    Company including, without limitation, any right to receive
    dividends or distributions, any right to vote or act by written
    consent, any right to attend meetings of shareholders or any
    right to receive any information concerning the Company&#146;s
    business, financial condition, results of operation or
    prospects, unless and until such time as the Participant is duly
    issued Shares on the stock books of the Company in accordance
    with the terms of an Award. None of the Company, its officers or
    its directors shall have any fiduciary obligation to the
    Participant with respect to any Awards unless and until the
    Participant is duly issued Shares pursuant to the Award on the
    stock books of the Company in accordance with the terms of an
    Award. Neither the Company nor any of the Company&#146;s
    officers, directors, representatives or agents is granting any
    rights under the Plan to the Participant whatsoever, oral or
    written, express or implied, other than those rights expressly
    set forth in this Plan or the Award Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (g)&#160;<I>Unfunded Status of Awards; Creation of
    Trusts.</I>&#160;&#160;The Plan is intended to constitute an
    &#147;unfunded&#148; plan for incentive and deferred
    compensation. With respect to any payments not yet made to a
    Participant or obligation to deliver Shares pursuant to an
    Award, nothing contained in the Plan or any Award shall give any
    such Participant any rights that are greater than those of a
    general creditor of the Company; provided that the Committee may
    authorize the creation of trusts and deposit therein cash,
    Shares, other Awards or other property, or make other
    arrangements to meet the Company&#146;s obligations under the
    Plan. Such trusts or other arrangements shall be consistent with
    the &#147;unfunded&#148; status of the Plan unless the Committee
    otherwise determines with the consent of each affected
    Participant. The trustee of such trusts may be authorized to
    dispose of trust assets and reinvest the proceeds in alternative
    investments, subject to such terms and conditions as the
    Committee may specify and in accordance with applicable law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (h)&#160;<I>Nonexclusivity of the Plan.</I>&#160;&#160;Neither
    the adoption of the Plan by the Board nor its submission to the
    shareholders of the Company for approval shall be construed as
    creating any limitations on the power of the Board or a
    committee thereof to adopt such other incentive arrangements as
    it may deem desirable including incentive arrangements and
    awards which do not qualify under Section&#160;162(m) of the
    Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (i)&#160;<I>Payments in the Event of Forfeitures; Fractional
    Shares.</I>&#160;&#160;Unless otherwise determined by the
    Committee, in the event of a forfeiture of an Award with respect
    to which a Participant paid cash or other consideration, the
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Participant shall be repaid the amount of such cash or other
    consideration. No fractional Shares shall be issued or delivered
    pursuant to the Plan or any Award. The Committee shall determine
    whether cash, other Awards or other property shall be issued or
    paid in lieu of such fractional shares or whether such
    fractional shares or any rights thereto shall be forfeited or
    otherwise eliminated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (j)&#160;<I>Governing Law.</I>&#160;&#160;The validity,
    construction and effect of the Plan, any rules and regulations
    under the Plan, and any Award Agreement shall be determined in
    accordance with the laws of the State of Delaware without giving
    effect to principles of conflict of laws, and applicable federal
    law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (k)&#160;<I><FONT style="white-space: nowrap">Non-U.S.&#160;Laws.</FONT></I>&#160;&#160;The
    Committee shall have the authority to adopt such modifications,
    procedures, and subplans as may be necessary or desirable to
    comply with provisions of the laws of foreign countries in which
    the Company or its Subsidiaries may operate to assure the
    viability of the benefits from Awards granted to Participants
    performing services in such countries and to meet the objectives
    of the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    (l)&#160;<I>Plan Effective Date and Shareholder Approval;
    Termination of Plan.</I>&#160;&#160;The Plan shall become
    effective on the Effective Date, subject to subsequent approval,
    within 12&#160;months of its adoption by the Board, by
    shareholders of the Company eligible to vote in the election of
    directors, by a vote sufficient to meet the requirements of Code
    Sections&#160;162(m) (if applicable) and 422,
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    under the Exchange Act (if applicable), applicable requirements
    under the rules of any stock exchange or automated quotation
    system on which the Shares may be listed or quoted, and other
    laws, regulations, and obligations of the Company applicable to
    the Plan. Awards may be granted subject to shareholder approval,
    but may not be exercised or otherwise settled in the event the
    shareholder approval is not obtained. The Plan shall terminate
    at the earliest of (a)&#160;such time as no Shares remain
    available for issuance under the Plan, (b)&#160;termination of
    this Plan by the Board, or (c)&#160;the tenth anniversary of the
    Effective Date. Awards outstanding upon expiration of the Plan
    shall remain in effect until they have been exercised or
    terminated, or have expired.
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>PROXY </B></U><BR>
<B>FULL HOUSE RESORTS, INC.</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>This Proxy is Solicited on behalf of the Board of Directors</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOWN ALL MEN BY THESE PRESENTS, that the undersigned, a stockholder in Full House Resorts,
Inc., a Delaware corporation (&#147;Full House&#148;), hereby appoints Andre M. Hilliou and Carl G.
Braunlich, and each of them acting jointly, if more than one be present, to be the true and lawful
attorneys and proxies for the undersigned, to vote all shares of Full House as the undersigned is
entitled to vote, with all powers the undersigned would possess if personally present, at the
annual meeting of stockholders of Full House to be held on April&nbsp;26, 2011 or any adjournment
thereof, on the following matters and, in their discretion, on such other matters as may properly
come before the meeting. This proxy will be voted in the manner directed herein by the undersigned
stockholder. If no direction is made, this proxy will be voted FOR the following Proposals.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ANNUAL MEETING OF STOCKHOLDERS OF<BR>
FULL HOUSE RESORTS, INC.</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>APRIL 26, 2011</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>PROPOSAL ONE: Election of Directors.</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px"><FONT style="font-family: Wingdings">&#111;</FONT> FOR all nominees listed below
</DIV></TD>
    <TD>&nbsp;</TD>

<TD align="left" valign="top"><DIV style="margin-left:17px; text-indent:-17px"><FONT style="font-family: Wingdings">&#111;</FONT>&nbsp;&nbsp;WITHHOLD AUTHORITY to vote for all nominees<br>listed below</div></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">A VOTE FOR ALL NOMINEES IS RECOMMENDED BY THE BOARD OF DIRECTORS.<br>
NOMINEES ARE:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Kenneth R. Adams
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Carl G. Braunlich</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">Kathleen M. Caracciolo
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lee A. Iacocca</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Andre M. Hilliou
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mark J. Miller</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>To withhold authority to vote for any individual nominee, print that nominee&#146;s name on the
line provided below:</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Exceptions:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 18pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>PROPOSAL TWO: Amend the Certificate of Incorporation to increase the authorized shares of common
stock from 25,000,000 to 100,000,000.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A VOTE FOR RATIFICATION IS RECOMMENDED BY THE BOARD OF DIRECTORS.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px"><FONT style="font-family: Wingdings">&#111;</FONT> FOR approval
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT> AGAINST approval</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT> ABSTAIN</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 18pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>PROPOSAL THREE: Amend and restate the 2006 Incentive Compensation Plan to increase the shares of
common stock authorized for issuance under the Plan to 2,000,000, to extend the duration of the
Plan and to make certain technical updates to the Plan.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A VOTE FOR RATIFICATION IS RECOMMENDED BY THE BOARD OF DIRECTORS.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px"><FONT style="font-family: Wingdings">&#111;</FONT> FOR approval
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT> AGAINST approval</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT> ABSTAIN</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 18pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>PROPOSAL FOUR: Ratification of Piercy Bowler Taylor &#038; Kern as the independent registered public accounting firm of Full House for 2011.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A VOTE FOR RATIFICATION IS RECOMMENDED BY THE BOARD OF DIRECTORS.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:15px; text-indent:-0px"><FONT style="font-family: Wingdings">&#111;</FONT> FOR ratification
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-family: Wingdings">&#111;</FONT> AGAINST ratification</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">OTHER MATTERS: Granting the proxies discretionary authority to vote upon any other unforeseen
matters which are properly brought before the meeting as management may recommend.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#A58883tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned hereby revokes any and all other proxies heretofore given by the undersigned
and hereby ratifies all that the above-named proxies may do at such meeting or any adjournments
thereof, by virtue hereof.
</DIV>







<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD align="left">, 2011</TD>

</TR>



<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-top: 1px solid #000000" align="left">Dated
&nbsp;</TD>
    <TD>&nbsp;</TD>

</TR>




<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-top: 1px solid #000000" align="left">Signature(s)
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Note: When shares are held by joint tenants, both should sign. When signing as attorney, executor,
administrator, trustee or guardian, please give full title as such and also state the name of the
stockholder of record for whom you act. If a corporation, please sign in full corporate name by
President or other authorized officer.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">PLEASE MARK, SIGN, DATE AND RETURN THE PROXY USING THE ENCLOSED ENVELOPE.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>


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